YSU trustees table proposal for land lease for student apartments

YOUNGSTOWN

A proposal for a Columbus company to lease Youngstown State University land to build a $7.8 million student-apartment complex prompted questions from university trustees.

The Trustees Finance and Facilities Committee tabled the resolution at a meeting Tuesday.

The resolution was to authorize leasing of 3.4 acres on Fifth Avenue to Hallmark Campus Communities of Columbus for development of student housing.

The proposal calls for a $7.8 million, 162-bed, four-story apartment-style complex financed by the developer.

Dominic Marchionda, who owns the Flats on Wick, which provides housing for students, attended Tuesday’s meeting but declined to comment afterward.

There was no discussion before Trustee Ted Roberts moved to table the resolution for “further research and study.”

Read more about the proposal and plans for the property in Thursday's Vindicator or on Vindy.com.