Ivy Tech Local community University — Columbus is arranging to sell about 16 acres of land at its Franklin internet site to a commercial actual estate administration company and use the funds for Franklin campus advancements.
The Columbus Campus Board of Trustees permitted a resolution Friday recommending that the state trustees approve the sale of about 15.9 acres of vacant land at the Franklin campus.
In a memo to workers, Chancellor Steven Combs claimed the state board will very likely satisfy following thirty day period to think about this recommendation.
The resolution states that Sunbeam Progress Corp., which owns and has designed nearby house, has provided $1.5 million for the land, and the campus board seeks to use the proceeds “for the benefit of the future of the Franklin campus.”
“These cash would develop a maintenance-and-alternative reserve for the Franklin internet site, update the Franklin building, carry out a campus master plan for the each Johnson and Shelby counties, and improve programming at both equally destinations,” mentioned Combs in his memo.
Some of the cash might go towards the ongoing generation of a “brand-new innovative manufacturing instruction place for the two counties and perhaps some collaboration with the higher educational institutions and C9,” Combs said. Minor campus enhancements this kind of as cleansing and landscaping are also likely works by using of funds.
The property Sunbeam seeks to buy is positioned south of the Franklin website at the corner of Condition Road 44 and Jim Black Highway.
The land is not at present becoming made use of, but has been employed in the previous for “ag-associated instruction” in the previous, Combs reported. Nevertheless, he famous that after the sale, the college would however have about 10 acres to the east of the campus to do this kind of instruction.
“They (Sunbeam) have a potential customer for the land,” Combs explained. “There would almost certainly be a blended-use of yet another facility to extend a different developing that they’ve built to the south of that house and most likely some extra parking large amount room as perfectly.”
The Shelby and Johnson county campuses ended up lately additional to Ivy Tech Columbus’s support area and are set to officially be a part of July 1, according to campus officials. The Columbus campus is at the moment assigned to serve citizens of 4 counties: Bartholomew, Decatur, Jackson and Jennings. Director of Marketing and advertising Chris Schilling reported in December the company spot reorganization is an energy to provide more aid for Ivy Tech’s Franklin web page.
Columbus seems forward to reuniting with the Franklin web site and adding the two counties, Combs stated.
“We want to thank the town of Franklin, who invested sums of dollars to enable us develop that site and I want them to be reassured … this $1.5 million will keep in their group,” he claimed Friday. “We are not bringing this dollars again to the Columbus site to do just about anything in Columbus. We want it to keep in Johnson County and keep on to guidance greater instruction in their county and in Franklin.”