EGCC gets OK to seek financing for downtown Youngstown buildings
YOUNGSTOWN — Eastern Gateway Community College can proceed with plans to buy and renovate two buildings that will anchor the school in the downtown.
The Ohio Controlling Board has given the Steubenville-based college permission to buy Thomas Humphries Hall, the school’s main campus at 101 E. Federal St., and its health and workforce building at 101 E. Boardman St., which is the former Harshman Building.
Monday’s action by the board essentially allows officials at the Youngstown campus to seek bond financing for about $13 million for the buildings and planned renovations, said Art Daly, vice president of Eastern Gateway Youngstown.
Thomas Humphries Hall, which includes a parking deck, would be purchased for about $8.3 million and the health and workforce building for about $1.4 million.
“The board gave us permission to go to market through a bond issuance to purchase Thomas Humphries Hall and the health and workforce buildings in Youngstown,” he said.
Work toward that end has been happening “behind the scenes,” so “now it’s just who is going to give us that money, what entity is going to provide us that money,” Daly said.