Midland University announced Thursday it will acquire full control of the former Dana College campus in Blair on July 19th.
"We are eager to have the keys in hand," said Midland President Ben Sasse. "To be able to start reacquainting folks with the promise and potential sitting on that hill, will be a real asset as we take the next steps in this process."
A key part of the process for the university will be achieving its goals of not simply restoring the campus to use, but actually upgrading the facilities and enhancing student housing.
Through a collaborative effort with Midland's facilities improvement partner, Krejci Development LLC, the university will have a variety of alternative financing mechanisms through which to enhance the existing physical plant.
Midland officials are committed to raising $11 million over the next year-and-a-half through a campaign that draws on the commitment of Blair area residents and the Dana alumni community. Achievement of major milestones of the development campaign will be a necessity before major construction can begin on the campus.
"We are confident that the commitment from Dana alumni and the people of Blair are more than sufficient to achieve this goal," said Sasse. "We are fully invested now and I know there are many friends of Dana who are ready to join us in this unique opportunity to shape the future for lots of kids."
Contingent upon successful completion of the capital campaign, Midland aims to welcome the first class of students to campus in the fall of 2015 or 2016.