In the past five years, more than $100 million has been invested in the struggling Sunnyside area, according to a report released earlier this year by the Sunnyside Up Campus Neighborhood Revitalization Corporation.
New developments, student housing halls and parking lots have replaced "dilapidated structures and underused property" in the neighborhood and have contributed to increased property tax collections and B&O tax revenue, according to the Sunnyside Up report.
Morgantown Mayor Jim Manilla is a member of the Sunnyside Up committee and said WVU's investment is a step in the right direction following the city's recent battle with post-game street riots and couch and trash bin fires.
"A project like this will hopefully have some type of domino effect. I think the project will attract other developments to the area, which is very blighted," Manilla said. "It's going to be very beneficial to the city of Morgantown and WVU, and will also clean up the area. At this point, all I can say is it's going to be a win for everyone."
WVU officials would not comment on the details of the project. The report says the sale should be finalized by Thursday.
"We really don't have anything to say at this time. But when we do, we can hopefully comment later this week," said WVU spokeswoman Becky Lofstead.
Reach Mackenzie Mays at mackenzie.m...@wvgazette.com or 304-348-4814.