FACILITIESONGOING

Virginia Tech to Dispose of Olin-Donated Saltville Property

Virginia Tech continues to manage a 65-acre property in Saltville, Virginia originally donated by Olin Corporation in the 1970s. The university has declared the land surplus and is moving forward with plans to sell the property for educational benefit.

Status
ONGOING
Document date
April 14, 2026
Contract type
FACILITIES
Vendor
Olin Corporation
Agency
Virginia Polytechnic Institute And State University · VA

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Scope & details

The full contract record, as filed.

Contract type
FACILITIES
Contract term
Gift of approximately 65 acres in the 1970s; subsequent 20-year lease from March 17, 1999 to June 30, 2019 with option to purchase during lease term
Renewal
Initial use by the Department of Geosciences until circa 1990; property declared surplus in 1996; subsequently leased to the Town of Saltville with purchase option; lease terminated June 30, 2025.
Document type
Minutes
Source document
Virginia Tech Finance and Resource Management Committee Minutes April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Virginia Polytechnic Institute And State University?

Olin Corporation was awarded this facilities contract by Virginia Polytechnic Institute And State University, as recorded on April 14, 2026.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Virginia Tech Finance and Resource Management Committee Minutes April 2026 (Minutes), dated April 14, 2026 from Virginia Polytechnic Institute And State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Olin Corporation hold?

Olin Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Virginia Polytechnic Institute And State University currently buying?

Explore Virginia Polytechnic Institute And State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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