Well Penn State did pay around $2mil for the frat that was torn down next to the IST building in 2010 that also had the same $1 arrangement and they paid $2.8mil for the old VFW building, neither of which have the same commercial value as the UC site.
That being said, the UC was a withering organization that has now received a golden olive branch. The sale of the VFW parcel allowed the Veterans Club to buy an abandoned frat on S.Allen to turn into a Veteran frat for $1.5mil.
Thereās currently two student slum rentals in a 0.34 acre lot on the
400 block of West College for sale at $3.25mil if anyone here wants to get their feet wet in the local real estate market.