YSU to buy closed restaurant, Rayen building

YOUNGSTOWN — Mighty Moe’s, a restaurant at 315 Elm St. just across from the Youngstown State University campus, has been closed all year, but it could soon reopen as an extension of the university.

The YSU Board of Trustees has voted to purchase the restaurant as well as The Rayen, a nearby building at 158 W. Rayen Ave. The purchase prices are $530,000 for the restaurant and $90,000 for The Rayen.

Those were the appraised values on each, Atty. Greg Morgione, YSU associate general counsel, told the trustees.

The money will come out of a $1 million property purchase fund created when the university borrowed $21 million in March to help fund the construction of a new Williamson College of Business Administration building and make other campus improvements. The purchase must still be approved by the Ohio State Controlling Board, a process that generally takes several months.

The properties are owned by Mohammad Fard.

For the full story, see Thursday's Vindicator or Vindy.com.