Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State Controlling Board approves sale of University of Akron’s Quaker Square after members press for details
Summary
At its April 7 meeting the State Controlling Board approved the University of Akron’s planned sale of the Quaker Square property after members questioned the purchase history, deferred maintenance estimates and how outstanding bonds would be handled.
The State Controlling Board on April 7 approved the University of Akron’s planned sale of the Quaker Square property after members pressed agency representatives for details about the property’s purchase price, deferred maintenance and outstanding bond obligations.
Board members repeatedly questioned the financial history of the site and the disparity between the university’s 2007 purchase price and current repair estimates. Senator Wilkin asked several times for background and said, “So we paid $22,700,000 and we are now gonna turn around and sell this for $800,000,” adding that she was “hard pressed to believe” deferred maintenance had grown…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
