Penn State Trustees Approve Property Sales
September 21, 2001
University Park, Pa.--Penn State’s Board of Trustees today (September 21) approved the sale of one off-campus University-owned property to a charitable organization, and of another to a pair of Centre County men.
The University will sell 40.7 acres in Patton Township to the Second Mile, former Penn State football defensive coach Jerry Sandusky’s non-profit group for prevention, early intervention and community-based programs for Pennsylvania youth. The mission of Second Mile is to challenge young people to achieve their potential as individuals and community members by providing opportunities for them to develop positive life skills and self-esteem.
The parcel was purchased in 1999 for $168,500 as part of a total of 1,100 acres that the University acquired from the Mellon Family Trust and the Richard King Mellon Foundation. The Second Mile offered to purchase the property, which has no strategic value to the University and adjoins a parcel already owned by the organization, for the same amount as its earlier cost. Fox Hill Road runs along the site’s southern boundary and Bernel Road borders it to the east.
The other property to be sold, a 15.6-acre parcel in Ferguson Township and State College Borough, was also part of the 1,100 acres acquired by the University and was previously approved for sale to the Integroup Realty Trust for $1.65 million. Since that authorization, the Integroup Realty Trust could not proceed with the acquisition nor formalize an Agreement of Sale.
The University recently received an offer from David L. Nevins and Thomas F. Songer II, of Centre County, to purchase the parcel for the same amount, which was approved by the trustees. The 15.6 acres are along West Whitehall Road, and also have no strategic importance to the University.
Contact: Gary Cramer, Dept. of Public Information 814-865-7517 or email@example.com