Morgantown City Manager: "This Is A Good Deal For The City"
Written by Your 5News Team
Last updated on October 23, 2012 @ 7:21PM
Created on October 23, 2012 @ 6:51PM
It's a positive deal for the city. That's how Morgantown City Manager, Terrence Moore described West Virginia University's plan to purchase $15-million worth of land.
The WVU Board of Governors approved the purchase at a meeting Tuesday afternoon.
According to paper work submitted to the West Virginia Legislature they would get 39 pieces of land in the Sunnyside area. Some of those would be used to add student housing, and possibly some amenities like a grocery store.
The deal is described as a public/private venture. That's because the deal would actually be between Paradigm Development Group and the city.
Moore said they'll still get at least two million dollars in tax money from the deal.
"This is a great opportunity economically," Moore said. "As long as they (WVU) continue that direction and hold true to private sector investment there will be an opportunity for wealth to be created."
Moore also hoped the deal would help with the issue of street fires. That's because Sunnyside is typically the scene of those fires.
Moore said that the improvements should encourage students to clean up their act.
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