Excerpt from the Dayton Business Journal
At its first meeting of the fall 2020 semester, Wright State University's board of trustees unanimously approved a resolution that will allow the university to sell one of its buildings at the Kettering Medical Center campus.
The move is tied to an aggressive cost-cutting strategy WSU outlined in June to rightsize its budget amid the ongoing Covid-19 pandemic.
Wright State plans to sell its real property interest associated with the Cox Institute building and land at 3171 Research Park Boulevard for $3.5 million, trustee Bruce Langos said Friday at a board meeting.
"Kettering Medical Center desires to reacquire the Cox center land for its own use," he said, "(and) the university desires to more efficiently use its existing on-campus physical space."
The 54,000-square-foot building currently houses three departments for the Boonshoft School of Medicine: population and public health sciences, geriatrics and emergency medicine.
Once the transaction is contractualized, WSU may invest up to $1.2 million to renovate available space on campus and relocate those programs to the new space.
Trustees also approved the transfer and conveyance of nearly 90 acres of land in Dayton, Beavercreek and Celina to WSU from Double Bowler Properties Corp. — an entity formed by the school for real estate acquisition and investment — and its subsidiary.
