FREEPORT, Maine - Ownership of the John Calvin Stevens-designed Stone House in Freeport is being transferred from the University of Southern Maine to a nonprofit foundation.
University spokesman Christopher Quint tells the Portland Press Herald the property will be transferred to the Wolfe's Neck Farm Foundation. Quint says no money will be involved in the transfer, but ownership of the historic building will become the foundation's responsibility.
Officials have said closing the house would save the University of Maine System up to $110,000 a year in maintenance costs. It was also in need of $8.5 million in structural updates.
Dan Herring, executive director of Wolfe's Neck Farm, says the foundation will take steps to ensure the house's historic character is preserved and future uses are compatible with the farm and neighborhood.