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Penn State Plans to Buy State College VFW Property for $2.8 Million


Original story:
Penn State intends to purchase three parcels near North Atherton Street from the Veterans Club of State College for $2.8 million.
The Board of Trustees Committee on Finance, Business and Capital Planning on Thursday morning unanimously recommended authorizing the acquisition of 129 and 133-139 N. Barnard St. The full board will vote on the purchase during its meeting on Friday.
The .66 acres is adjacent to university property along the 100 block of North Atherton Street. With the acquisition Penn State would own all but two parcels between North Atherton and North Barnard streets from Clay Lane to Park Avenue.
According to Sara Thorndike, senior vice president for finance and business, Penn State intends “to assemble the parcel with adjoining university-owned property.” The university has not outlined any specific long-term plans for the block along North Atherton Street between Clay Lane and Railroad Avenue. ....

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Committee recommends purchase of Barnard Street property


Committee recommends purchase of Barnard Street property
May 06, 2021
UNIVERSITY PARK, Pa. A recommendation today (May 6) to purchase a property on 129, 133-139 N. Barnard St. in State College, near the University Park campus, was pushed forward by the Board of Trustees Committee on Finance, Business and Capital Planning. The full board will consider the proposal at its meeting on May 7.
The 0.66 acres of land at 129, 133-139 N. Barnard St. in the Borough of State College was owned by the Veterans Club of State College, Inc. The property is adjacent to other Penn State properties on North Atherton Street. 
The intent is to consolidate the plot with adjoining University-owned property for future redevelopment. Currently, there are no plans in place for specific use of future building space.  ....

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