George Washington University has offered its 122-acre Virginia Science and Technology Campus in Ashburn to Amazon Data Services, college officers have confirmed.
GW President Ellen M. Granberg first introduced the sale on Feb. 27. However, at the moment, she didn’t disclose the customer or buy value due to confidentiality provisions within the sale settlement.
On Tuesday, GW spokesperson Julia Garbitt recognized Amazon Data Services, an Amazon subsidiary centered on cloud computing platforms, as the customer and confirmed the $427 million sale value, which The GW Hatchet first reported.
An Amazon spokesperson additionally confirmed the acquisition however didn’t verify any particular plans for the property. Instead, the spokesperson wrote that any future growth issues would contain neighborhood enter, coordination with native leaders and “transparent public processes.”
Granberg stated the Washington, D.C.-based college’s resolution to promote concerned “careful consideration” with the college’s board of trustees and management as a part of a method to strengthen the college’s long-term monetary well being.
The settlement permits GW to hold applications on the website for up to 5 years, enabling the college to hold working whereas planning for the longer term. The VSTC was based in 1991 and at the moment homes applications in engineering, physics, chemistry and nursing.
“There is no immediate impact on the School of Nursing, or any other programs at the campus,” Garbitt stated in an electronic mail.
Granberg stated the sale mirrored the college’s evaluation of the perfect use of its sources. Before the sale closed, the GW Board of Trustees handed a decision directing that a good portion of the proceeds be used to set up a brand new endowment to advance GW’s priorities — reminiscent of investments in analysis and educating and growing sources accessible for pupil monetary support. There was additionally a proposal to use a number of the funds to present a one-time bonus fee to some college and employees.
She wrote that extra info on the particular makes use of of this endowment will observe as they’re developed.
Since 2010, Amazon has invested over $161 billion in Virginia, creating over 43,000 full-time and part-time jobs, together with 117,500 oblique jobs.
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