Former Medaille University campus sold to charter school developer
BUFFALO, N.Y. (WIVB) -- The former campus of Medaille University in Buffalo was sold to a nonprofit developer of charter school facilities based in Maryland, the broker of the sale, CBRE, announced.
The nonprofit, Charter School Development Corporation, is partnering with Buffalo Academy of Science Charter Schools as part of the purchase. This will allow some of BuffSci's programs to move to the 14-acre campus just off the Scajaquada Expressway.
The campus was purchased for just under $9.9 million, a BuffSci spokesperson confirmed to News 4 WIVB.
"At CSDC, we are dedicated to eliminating barriers to access choice and equity in under-resourced communities nationwide," said Mark Zeizel, a senior vice president with CDSC in a release. "We wholeheartedly support the vision of Buffalo Academy of Science Charter Schools and are honored to be a partner in this game-changing campus that will positively impact the community."
“Being able to move BuffSci programs to the former Medaille campus is a tremendous opportunity to further our mission of providing academic experiences that prepare our students for college and careers of the highest potential,” said Dr. Joseph Polat, executive director of Buffalo Academy of Science Charter School, said in a release. "There are few better settings to inspire future generations than a university campus like this.”
Medaille officially closed on Aug. 31 of last year. A deal was originally in place for Trocaire College to purchase the school, but that was terminated last May due to "complexities of the acquisition."
“It’s bittersweet to see the campus officially change hands, but it is gratifying to know that CSDC and BuffSci will maintain the campus as a place of high academic standards for future generations,” said Michael J. Moley, chair of the Board of Trustees for the former Medaille University, in a release.