WVU plans to buy more properties in Morgantown
MORGANTOWN (AP) — West Virginia University plans to acquire more than three dozen properties in Morgantown for $14.5 million.
Media outlets report that the deal involves 39 parcels in the student-dominated Sunnyside area. The university’s Board of Governors is expected to discuss it at a special meeting Tuesday.
In September, the board approved the acquisition of about 35 acres in the area of Falling Run Road and 1.95 acres near Mileground Road and state Route 705.
The latest deal is outlined in a plan submitted by WVU to the Legislature’s Joiint Committee on Government and Finance.
According to the plan, WVU would acquire the properties from Paradigm Development Group and RCL Holding. The companies would participate in developing, financing and managing at least one new student housing facility.
WVU officials declined to comment.
