Florida State University's Board of Trustees has approved the purchase of the Tallahassee-Leon County Civic Center. FSU is the primary user of the financially-troubled facility. Under the deal, the University will lease the facility back to the city and county for a year.
The school will pay about $1.15 million for the center, and agreed to take on an additional $4 million of the facility’s debt. The City and County will contribute another $500,000 to settle a lawsuit that paves the way for FSU’s takeover.