West Virginia University is making another large property purchase. The university’s Board of Governors approved a resolution Wednesday for a $15 million purchase in Morgantown’s Evansdale community.
The university is planning a second mixed-use development that will include shops and student housing, which is similar to University Place. WVU announced that purchase and project for the Sunnyside area last year.
The BOG approved a resolution Tuesday to complete the purchase and permanent financing for the Evansdale project. Revenue bonds will be sold to pay for it.
WVU is expected to release more information on the project soon.