Youngstown buys land for YSU biz college

YOUNGSTOWN —  The city’s board of control approved a $202,000 land purchase of a North Phelps Street apartment complex that Youngstown State University plans to use as part of its new College of Business Administration.

The agreement, approved today with Earl Calvin of Canfield, the complex’s owner, permits his current tenants at 224 N. Phelps St. to have up to six months to move. YSU plans to demolish the 87-year-old apartment complex.

YSU wants to use the 0.088 of one-acre parcel for either its proposed $30 million College of Business Administration or the building’s parking lot.

Calvin purchased the 3,352-square-foot building in September 1997 for $221,467. The property has a market value of $191,700, according to the Mahoning County Auditor’s Office.

For the complete story, see Friday's Vindicator and Vindy.com