Penn State Sells Two Branch Campuses for $6.25 Million
What happened
The Penn State Board of Trustees approved the sale of the Shenango and Wilkes-Barre campuses, two of seven branch campuses slated for closure. Shenango was sold to JCL Development LLC for $1 million, and Wilkes-Barre was sold to HGC Development LLC for $5.25 million, according to reports. JCL Development LLC plans to convert the Shenango property into an education hub for workforce training and economic development.
From onwardstate.com
Why it matters
The sales are part of a broader initiative to close seven branch campuses. The properties will be repurposed to serve local economic needs, with the Wilkes-Barre campus planned to feature event and conference spaces for the golf club and continuing education, potentially in partnership with Misericordia University.
From onwardstate.com
Who's involved
- Misericordia UniversityPlanned partner for continuing education use at the Wilkes-Barre campus
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The entities involved
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Misericordia University
private Catholic liberal arts university in Pennsylvania, United States
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Luzerne County
county in Pennsylvania, United States
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Dallas
city in the state of Texas, United States