Terance Frazier has gifted half of a 13.5-acre site in West Fresno for the new community college planned for the area. File Photo
Written by The Business Journal Staff
State Center Community College District (SCCCD) has received a gift of more than six acres of land on Walnut and Church Avenues in Fresno from TFS Investments, LLC, for its new West Fresno campus.
The Board of Trustees voted unanimously at its Feb. 6 meeting to approve a purchase agreement for land at 2423 S. Walnut Ave. in Fresno from TFS Investments. The District spent $675,000 for half of the land, and TFS Investments donated the other half of the property, for a total site footprint of 13.5 acres.
“As an entrepreneur and developer, I have always had a heart for West Fresno,” said Terance Frazier, CEO of TFS Investments. “Higher education and business entrepreneurship continues to be the best path out of the grinding poverty that is intimately personal to me. My family’s nearly $1 million gift will ensure a college campus is no longer just a dream, but rather it gives our kids and families the future they deserve.”
TFS Investments is a firm that specializes in real estate investment and services.
“The gift from TFS Investments LLC, along with the purchase of additional property puts State Center Community College District one step closer to making the vision of a West Fresno campus a reality,” said Bobby Kahn, president of the SCCCD Board of Trustees. “I want to thank Mr. Frazier for making this an easy transaction and appreciate his ongoing support of the students of this District.”
Plans for the new West Fresno campus include offering courses in basic skills and general education, as well as career and technology programs. The architectural contract for the design of the new campus was awarded to SIM PBK. The West Fresno campus is one of the projects with Measure C, $485 million facilities bond that passed in 2016.
The close of escrow for the land took place on Tuesday.
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