MORGANTOWN, W.Va. -- West Virginia University's Board of Governors has approved two real estate deals, one aimed at revitalizing a blighted section of Morgantown.
The board agreed Friday to sell 1.95 acres of land near Mileground Road and state Route 705 to the West Virginia Department of Transportation for $1.84 million. The DOT plans to build a traffic circle there.
The board also approved the $5.34 million purchase of about 25 acres in the area of Falling Run Road.
The agreement with the city of Morgantown, a federal bankruptcy trustee and First United Bank will benefit the downtown campus and create a new gateway to the city.
Four acres of that land belonged to the Warner family, four now-bankrupt brothers who planned to build a mixed-use community called The Square at Falling Run.