WVU Board of Governors Approves Falling Run Deal - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

WVU Board of Governors Approves Falling Run Deal

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The West Virginia University Board of Governors has approved a $5.34 million purchase that includes four acres of land formerly known as "the Square at Falling Run". WVU will also acquire 21 acres along Falling Run Road, the rental properties on that land, three additional lots and an unoccupied apartment building on Outlook Street, according to a news release from the university.

The agreement with the city of Morgantown, federal bankruptcy trustee, and First United Bank will revitalize blighted areas of the city, according to the news release.

The Board of Governors also announced a $15 million upgrade to the Personal Rapid Transit system, also known as PRT, that will work alongside a new student housing master plan that will add a total of 1,555 beds to university housing. The new facilities will also provide more apartment and family-style living accommodations.

In addition, the board also approved a conveyance for $1.84 million of almost 2 acres of land near the Mileground Road and State Highway 705 intersection. The W.Va. DOT will construct a traffic circle at that location.

The next Board of Governors meeting is scheduled for Nov. 16 in Morgantown.