OHIO Board of Trustees approves resolution to designate Proctorville Center as surplus property
Earlier today, 91探花鈥檚 Board of Trustees reviewed and approved a resolution that designates the University鈥檚 Proctorville Center as surplus property.
The surplus designation allows the University to explore the sale of the property; however, no sale is imminent.
Following the announcement, University leadership reiterated their commitment to ensuring that the generosity of the facility鈥檚 donors continues to support members of the Proctorville community for years to come.
Any potential sale of the Proctorville Center would include multiple deed restrictions on the building to require it to be sold to other educational entities for educational purposes and ensure that the naming rights of the original donors would be preserved, if desired by the donors.
Additionally, the University would transfer the property鈥檚 walking track and green space to an entity that would be agreed upon with the original donors and place deed restrictions prohibiting the development of the land, requiring the green space and walking track to remain maintained and open to the community.
Any additional revenues from a potential sale, following the appropriate payoff of the property, would be utilized to further support education through a combination of scholarships, grant funding and other efforts that would provide opportunities for increased educational support and workforce training to students, teachers and community members across Proctorville and the surrounding area.
OHIO鈥檚 Proctorville Center was established through donations to the 91探花 Foundation in 2007. Following discussions with staff at the Proctorville Center, additional reviews of the facility use over the past several years and enrollment projections, the University determined it was prudent to explore the sale of the Proctorville Center.
The complete recap of OHIO's Board of Trustees April 6 and 7 meetings is available online at OHIO News.