The Pennsylvania State University Board of Trustees Minutes of Meeting 2026-02-26
Penn State Approves Airport Asset Sale to County Authority
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Description
The Pennsylvania State University Board of Trustees approved proceeding with a transaction to sell and transfer all operating assets of the State College Regional Airport to the Centre County Airport Authority. University officers are authorized to negotiate and execute an Asset Purchase Agreement and a Transition Services Agreement, subject to federal and state regulatory approvals.
Contract Details
Vendor
CENTRE COUNTY AIRPORT AUTHORITY
Agency
Pennsylvania State University-Penn State Abington, PA
Contract Type
OTHER
Document Date
February 26, 2026
Renewal Info
One-time asset purchase and transition services transaction; term details to be defined in the Asset Purchase Agreement and Transition Services Agreement once negotiated.
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APPROVEDIssuing Agency
Pennsylvania State University-Penn State Abington
Higher Ed
Abington, PA
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