But Grogan said that the University will work with the railroad and other existing tenants to clear the way for development.
"We will be very respectful of those on the land," Grogan said. "We have had preliminary conversations and will work very closely with them."
And Grogan emphasized that the University's desire to develop the land outweighs the costs.
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"This bid represents the best assessment of the value of the property to us," Grogan said. "It may not be the same as someone else, but that doesn't concern us."