22-02-2025
Penn State Trustees approve $92M renovation plan
UNIVERSITY PARK, Pa. (WTAJ) — The Penn State Board of Trustees has approved a $92,000,000 plan to renovate two residence halls and three real estate transactions.
Trustees approved a plan to start the renewal of the Pollock Halls residence complex at University Park, beginning with updates to the Ritner and Wolf residence halls. The plan aims to completely update the halls by replacing outdated building systems and providing new amenities such as air conditioning and private bathrooms.
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The project is scheduled to be completed in 2026. The board also approved three real estate transactions. Here's what they are:
Approved to advance a proposed ground lease of approximately five acres near Interstate 99 and Innovation Park Boulevard in State College to Catalyst Healthcare, for the construction of a 50,000-square-foot acute care rehabilitation hospital.
Approved a proposed real estate divestiture of 41.5 acres of property by the Penn State Harrisburg campus for $19.5 million. The property, which is now vacant land, was originally used for housing when the site was an Air Force base and then as housing for Harrisburg campus students from 1970 to 2002.
Approved to advance a plan to divest 2.765 acres near the Penn State Health Milton S. Hershey Medical Center in Hershey for $210,000 for a planned water reservoir.
During the meeting, the trustees also approved their 2026 meeting schedule.
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