Dublin, Ohio University complete land deal for College of Osteopathic Medicine

Courtesy City of Dublin

The city of Dublin is donating 45.4 acres that landlocks a parcel the Ohio University Heritage College of Osteopathic Medicine bought for its extension campus.

The city of Dublin and Ohio University? ? Ohio University Latest from The Business Journals Reporting honor for Sam BlackDesigning womanWhere next? Cleveland med school campus farthest reach yet for OU Follow this company have signed off on a deal for city-owned land for the university?s College of Osteopathic Medicine satellite campus.

The city donated the land, worth about $4.6 million, as part of an economic development agreement with the university. The 45.4 acres surround a 15-acre site that has a 98,462-square-foot office complex at 7001 and 7003 Post Road that the university bought for about $11 million. The agreement was effective June 1.

?Ohio University and its Heritage College of Osteopathic Medicine hold the promise of creating jobs and promoting medical and technological development within Dublin,? City Manager Marsha Grigsby said in a release. ?We are excited to see this extension campus bring new jobs and future new doctors to the region. In addition, the possibility of future, related bioscience and medical research facilities fits perfectly with our research and development corridor initiatives and city council?s goal to create a 21st century learning environment.?

OU can acquire an adjacent 25.9 acres by gaining approval for a development plan for the property by Dec. 31, 2018, and it also can propose projects on a third adjacent site that measures 25.2 acres.

The school plans to start training 50 medical students at the new campus in August 2014. It also has plans to open a northeast Ohio extension campus in July 2015 as part of a $49 million partnership with the Cleveland Clinic.

Last year, the college began searching for a Central Ohio site to house its first extension campus after receiving a $105 million pledge over 16 years from the Columbus-based Osteopathic Heritage Foundations? ? Osteopathic Heritage Foundations Latest from The Business Journals Ohio University med school to open second extension campus in northeast OhioOhio University med students spreading out in OhioHealth dealOhioHealth expands relationship with Ohio University medical school Follow this company . It started negotiating for the 15-acre site in Dublin late last year.

Rick Rouan is Web coordinator for Business First.

Source: http://feedproxy.google.com/~r/vertical_13/~3/XyTbVkzxOtw/dublin-ohio-university-complete-land.html

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