FACILITIESAPPROVED

Marshall University Awards Facilities Contract to Fairmount Properties (June 2026)

The Marshall University Board of Governors approved acquiring 3.894 acres on Northcott Court for a new School of Medicine facility, with a $3,300,000 property purchase and a $350,000 administrative fee to Fairmount Properties for its interest and due diligence. The transaction is funded by a State of West Virginia appropriation and will enable a stand-alone School of Medicine and Community Health Institute.

Document date · June 10, 2026

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$350,000 administrative fee (plus related interest in $3,300,000 property purchase)
Contract type
FACILITIES
Document type
Minutes
Source document
Marshall University Board of Governors Minutes 2026-06-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Marshall University?

Fairmount Properties was awarded this facilities contract by Marshall University, as recorded on June 10, 2026. The contract value is $350,000 administrative fee (plus related interest in $3,300,000 property purchase).

How much is the Fairmount Properties contract with Marshall University worth?

The Fairmount Properties contract with Marshall University is valued at $350,000 administrative fee (plus related interest in $3,300,000 property purchase), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Marshall University Board of Governors Minutes 2026-06-10 (Minutes), dated June 10, 2026 from Marshall University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fairmount Properties hold?

Fairmount Properties 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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