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Gateway Amsterdam Road property sale closed

May 23, 2017

Gateway Community & Technical College received notification that the sale of the property on 1025 Amsterdam Road has closed.

The purchase price was $3.2M, and the property was purchased by CondoView, LLC.

The entire proceeds from the sale of this property will be deposited into the Gateway Urban Campus project that was authorized in the 2010-2012 budget state budget.  That project is still active and was authorized for $11,850,000.  To date, approximately $6.2 million has been spent on acquisitions and construction all within the city limits of Covington.