West Hartford Agrees to Purchase UConn Campus

West Hartford, CT — In a unanimous vote, the West Hartford Town Council agreed to purchase the 58-acre UConn property for $5 million on Tuesday night.

The Hartford Courant reports the town will pay $1 million this year and $4 million at the target closing date – Oct. 2, 2017.

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The sale price comes at an apparent discount considering UConn had originally planned to sell the property to the Weiming Education Group for $12.6 million.

As a result of the lower price, WFSB 3 reports that UConn will get 90 percent of any profit if West Hartford sells the land.

Leaders on both sides said it was a difficult process that led to a fair deal that represents the best interests of the town and the university, according to WFSB 3.

Once the agreement is officially signed by both parties and the state attorney general, West Hartford will have 90 days to conduct various inspections, according to the Courant.

No decisions have been made on the future use of the property and town officials expect to explore several different options.

Read more at the Hartford Courant here and WFSB 3 here.