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Va Tech to sell land to FAA for runway expansion
Tuesday - 11/19/2013, 9:21am EST
AP White House Correspondent
BLACKSBURG, Va. (AP) -- Virginia Tech plans to sell 26 acres of university land to the Federal Aviation Administration for an extension of the Virginia Tech Montgomery Executive Airport's runway.
The Blacksburg university's board of visitors unanimously approved the sale Monday.
The Roanoke Times reports (http://bit.ly/17IiThP) that the FAA is expected to pay $9.4 million for the property. It's part of an overall upgrade to the facilities at the World War II-era airfield.
Officials said proceeds from the land sale will go toward the $14 million relocation of the university's dairy science program to the school's Kentland Farms property in western Montgomery County.
The board also approved putting about 22 acres in a permanent easement to improve safety around the runway.
Information from: The Roanoke Times, http://www.roanoke.com
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.