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Summit County Council authorizes purchase of former Skullcandy building for $17.5 million
Summary
Summit County Council voted to authorize the county manager to sign a purchase-and-sale agreement to buy the former Skullcandy building and 7.38 acres for $17,500,000; council asked staff to confirm whether agenda language allowed immediate approval and said they would revisit the item if legal review required it.
Summit County Council on Monday authorized the county manager to sign a purchase-and-sale agreement to buy the former Skullcandy building and its 7.38-acre site for $17,500,000, the council announced during a short meeting dominated by that single agenda item.
The deal, outlined by county staff member Chris, follows a competitive marketing process handled by Cushman & Wakefield and a negotiated letter of intent under which the county sought to purchase only the Skullcandy building rather than a three-property package. "We went through a…
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