Virginia Community College System State Board Meeting Agenda May 2026
MGCC Seeks Land Transfer to Real Estate Foundation
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Description
Mountain Gateway Community College requests State Board approval to transfer about 18 acres of surplus campus land to the MGCC Real Estate Foundation for future ground-lease development. The move is intended to generate long-term revenue and support local economic growth while creating experiential learning opportunities.
Contract Details
Vendor
MGCC REAL ESTATE FOUNDATION
Agency
Virginias Community Collages, VA
Contract Type
FACILITIES
Document Date
May 19, 2026
Renewal Info
One-time conveyance of unimproved land from the college to its affiliated real estate foundation; no ongoing renewal terms described.
More from Virginias Community Collages
Virginia Community College System State Board Meeting Agenda May 2026
state-board-for-community-colleges-meeting-minutes-may-22-2025_a85.pdf
virginia-community-college-system-external-quality-assessment-report-may-2-2025_ac6.pdf
virginia-community-college-system-internal-audit-status-report-march-19-2025_18d.pdf
virginia-community-college-system-internal-audit-status-report-march-19-2025_18d.pdf
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