WVU Extends Offer to Buy Mountain State Campus for $8 Million
West Virginia University is planning to buy Mountain State University's campus in Beckley.
WVU President Gordon Gee said Wednesday that the school has extended an $8 million offer to purchase the campus and that Mountain State University has indicated it intends to accept the offer.
The Beckley private school's accreditation was revoked by the state Higher Education Policy Commission in June 2012 because of leadership, organizational and integrity issues.
In November, the schools entered into an exclusive agreement to evaluate the possible purchase.
Through the evaluation process, Gee says it became clear that WVU has a unique opportunity to better serve the people of the state by having a presence in Beckley.
WVU hopes to finalize the acquisition by the spring of 2015. The deal is subject to court approval.