Morgan State University is set to sign an estimated 35-year lease for a new osteopathic medical school that could net the university over $20 million in rent.
The prospective lease with an initial price of $425,000 annually was approved by the Maryland Board of Public Works on Wednesday and the Morgan State University Board of Regents in early August. The lease still needs to be approved by the Maryland College of Osteopathic Medicine.
The for-profit medical school would be the first on the campus of a historically Black university. The college will be completely financed by private company Salud Health and won’t use any public funds, according to Dr. John Sealey, dean of the proposed college.
Click here to read the rest of the article written by Matt Hooks over at Baltimore Business Journal
