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NEWS

January 28, 2011

RSU Plans To Acquire Bank Building for Parking

Rogers State University plans to acquire a former bank building to increase the amount of parking available at its campus in downtown Bartlesville.

The Board of Regents for the University of Oklahoma, Cameron University and Rogers State University approved the acquisition at its meeting on Wednesday.

RSU plans to acquire the former Bank of Oklahoma building, located at 422 S. Dewey Ave. Long-term plans call for demolition of the 4,944-square-foot building, clearing the way for additional parking on the 14,000 square feet of property.

"The acquisition of this property will allow us to add approximately 50 more parking spaces for our campus," said RSU President Larry Rice. "This expanded parking will provide easy access and convenience for our students and faculty and ease parking for businesses in the area.

"We appreciate the Bank of Oklahoma working with the university to ensure that this property is available to us for campus improvement," he said.

The purchase price of the property is $263,000. Funding for the purchase will consist of private donations, an existing student parking fee and other auxiliary funds, Rice said.

This will be the third parcel of property acquired by the university to increase parking for its Bartlesville campus, he added.

"We appreciate the cooperation and patience of neighboring businesses and their customers while we've worked to expand parking for our campus," he said.