Feb 26, 2026BoardMeeting
BoardThe Pennsylvania State University Board of Trustees Special Meeting Minutes
The Board of Trustees and the Committee on Finance and Investment held a special meeting to consider and authorize the sale of the State College Regional Airport to the Centre County Airport Authority. The board approved the material terms of the proposed transaction, including the Asset Purchase Agreement and the Transition Services Agreement. Additionally, the board authorized university officers to negotiate these agreements, seek required regulatory approvals from government agencies such as the Federal Aviation Administration and the Transportation Security Administration, and take all necessary actions to finalize the transaction.