On December 18, 2014, Wellesley College and the Town of Wellesley announced that the College's Board of Trustees had chosen the Town's $35M bid for the purchase of 46 acres of land adjacent to its campus. Under this agreement, at least 50% of the North 40 property will be preserved in perpetuity as open space. A special town meeting in January 2015 resulted in a near-unanimous vote in favor of the purchase, and in March 2015, 80 percent of residents that cast votes at the Town election, voted to approve the purchase.