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UCF approves $15.1M purchase of land for hospital
Author: admin27 Jan
The University of Central Florida board of trustees approved the purchase of 25 acres in Lake Nona for a future teaching hospital on Jan. 26.
According to documents, the closing date would be Jan. 30. Under the terms of the deal, UCF would:
• Pay $15.1 million for the land.
• Have rights to develop 253,000 square feet of hospital space.
• Have the right to develop 115,000 square feet of clinic space.
• Have the option to buy an additional 13 plus acres until Jan. 16, 2017, at a cost of $600,000 per acre of market value…
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