MORGANTOWN, W.Va. - West Virginia University, the city of Morgantown and First United Bank and Trust are working on a deal aimed at revitalizing blighted areas.
The proposed agreement announced Tuesday during a City Council meeting calls for WVU to acquire 4 acres from the city where developers proposed but never built The Square at Falling Run.
The university also would acquire another 21 acres with rental properties, three other lots and an unoccupied apartment building in the area from other parties.
WVU would pay a total $9.7 million for the properties.
Plans for the properties near WVU's downtown campus include development of commercial space.
The university also would develop new housing in another blighted area.
The agreement must be approved by WVU's Board of Governors, the city and other governmental agencies.