The Ball State University Board of Trustees on Friday approved the transfer of more than 12 acres of land to the Muncie Redevelopment Commission. The university says the property will help the city as it looks to develop up to 40 new homes.
The land is located northwest of the Muncie campus and surrounded by other residential neighborhoods.
Ball State says Indiana law allows for the city to accept the property as a gift, and the university will incur no costs in the transfer.
“Our decision to transfer this land to the city is yet another example of our University’s ongoing commitment to Muncie,” Ball State Board of Trustees Chair Renae Conley said in written remarks. “It is with collaborative, creative support like this that we can continue to positively advance both our University and our community.”
The university says adding new homes will generate additional tax revenue for the city and Muncie Community Schools.
Also during the board’s meeting on Friday, the university said its fall freshman class includes 3,482 students, marking a 6% increase over the previous fall. The class also has the highest academic profile of any incoming freshman class in school history with an average high school GPA of 3.56.