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WVU assumes ‘full ownership’ of University Place per settlement terms
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Dominion Post
MORGANTOWN – A 2024 lawsuit brought by the West Virginia University Board of Governors pertaining to the University Place complex and its financing has reached a "negotiated resolution."
The West Virginia University Board of Governors announced the settlement Wednesday on behalf of WVU, Ryan Lynch, WV Campus Housing and Downtown Campus Parking Associates.
The University Place parking garage opened later that year.
In response, a counterclaim was filed against the WVU Board of Governors by WV Campus Housing and Downtown Campus Parking Associates the following month.
Further, the settlement does not amend, terminate, release, impair, or otherwise affect University Park at Evansdale, the University Park agreements, or Lynch's ownership or economic interests in University Park.