August 13, 1998
KALAMAZOO -- The Western Michigan University Board of Trustees, at its July 24 meeting, authorized the University administration to enter into negotiations to purchase the West Michigan Avenue properties currently occupied by the Knollwood Tavern and the Discount Den.
"This was an action taken during Dr. Haenicke's presidency, which I fully support," said WMU President Elson S. Floyd. "Part of the campus plan has been to acquire these properties, as they became available. We would then be able to enhance the appearance of this very visible campus entry point."
According to the board motion, the University has been in ongoing discussions with the owner of the properties, which are located at 2406-2414 West Michigan Ave. The owner recently offered to sell both parcels for the sum of $880,000.
Negotiations to determine the final price of the properties are currently proceeding and should be completed in the coming weeks, according to Keith A. Pretty, vice president for external affairs and general counsel. Funding for the purchase would come from University parking revenues.
"I'm sure that there will be many students and alumni who will miss this campus landmark," Floyd added. "If there were some way to preserve the Knollwood in another location off campus, we would be in favor of and support that."
Media contact: Matt Kurz, 616 387-8400, firstname.lastname@example.org
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Western Michigan University
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Kalamazoo MI 49008-5433 USA