PRINCESS ANNE, Md. – The University of Maryland Eastern Shore’s presence in the Stewart Neck area south of town has expanded to 385 acres.
The Maryland Board of Public Works earlier this month OK’d the university's use of funds available to it from the U.S. Department of Agriculture’s 1890 Facilities Grant program to acquire 20 acres from owner Perdue Farms.
The $550,000 purchase price includes a 10,098 square-foot warehouse and a 2,300 square-foot farmhouse. Two independent appraisals placed the property’s value at between $630,000 and $770,000.