Stark State College trustees have agreed to purchase the Cornerstone II site, at 400 Third St. SE in downtown Canton, for $4.9 million.
The development of the Downtown Canton Satellite Center and Energy Institute will be funded by $10 million in state capital appropriations and an additional $500,000 from the Timken Foundation.
Trustees evaluated several locations for the new center, taking into consideration “the needs of our students and academic programs, room for possible future growth, interstate access and the impact of our satellite center on downtown revitalization,” Stark State President Para Jones said in a media release.
More than 1,100 Stark State students are enrolled in classes at several downtown locations. All will be combined into the new facility.
The college will begin design of the new site this fall and offer classes there as early as the end of next year.
Stark State said the current occupants of Cornerstone II are Chesapeake Energy, which will move to the Beck Industrial Commerce Center in Louisville next year, and the Bureau of Worker’s Compensation, which hasn’t identified a new site.