![The university will complete a property exchange to expand its nursing and health professions programs.](/gvnext/files/img/article/DB3ED958-9585-D423-0C67756CA7329F85/47BFA419-0E35-3175-DE586FDB4F5133AA/original.jpg)
Grand Valley secures property for health campus expansion
![The university will complete a property exchange to expand its nursing and health professions programs.](/gvnext/files/img/article/DB3ED958-9585-D423-0C67756CA7329F85/47BFA419-0E35-3175-DE586FDB4F5133AA/original.jpg)
Grand Valley's Board of Trustees approved a property exchange and purchase in downtown Grand Rapids to enable the university to expand its growing programs in nursing and health professions.
The approval came at a special board meeting held December 9 to
consider the property deal with Spectrum Health. Grand Valley is
trading its parking lot on Lafayette Avenue for a Spectrum Health
parking lot located next to the Cook-DeVos Center for Health Sciences
on Michigan Street.
Grand Valley’s Lafayette lot is slightly less than an acre (.88
acres) and is located within the Heritage Hill neighborhood. Spectrum
Health’s parking lot is 1.4 acres located on Michigan Street,
providing more options for Grand Valley for future expansion on the site.
In addition to the swap of land, Grand Valley will pay Spectrum
Health $1.85 million in recognition of the differences in size,
location and appraised value of each parcel.
“This is a smart strategic move for the university’s future,”
Board of Trustee Chair David Hooker said. “Acquiring this property
puts Grand Valley in a strong position to continue to educate the
health care workers we need now and in the future.”
President Thomas J. Haas said this transaction is part of the
university’s vision to serve students and the region.
“Grand Valley is the region’s number one provider of health care
professionals and we have a mission to continue our leadership role,”
Haas said. “This property deal is a key part in our plan to expand our
Center for Health Sciences building on Michigan and admit more
students to our high-demand programs. The action by our board allows
us to move to the next level in planning for additional classrooms and
laboratories downtown.”
Grand Valley has submitted the project to state policy makers
and the Legislature for review. It, along with other projects, has
been advanced by the Joint Capital Outlay subcommittee for planning
authority; approval by the House and Senate is also required.
The university also owns property on the north side of the I-196
expressway, which is planned for additional health campus expansion
over the next 25 years.
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