Changes coming to Innovation Park Authority

Partners complete Innovation Park restructuring, refocus on core mission

"The approval by state regulators enables Florida State and Florida A&M to have more control over the land and buildings the universities lease there and be able to develop additional parcels as needed."

"FSU and FAMU each received about 17 acres of developable land in Innovation Park. FSU also was granted ownership of land on which it has already developed buildings it owns, and it received the Sliger and Shaw buildings."

"Gary Ostrander, FSU’s vice president for research, said Innovation Park has been an important part of the university’s research mission and has enabled it to build “a culture of discovery” that can compete for top scientific talent.
“This new agreement gives us the flexibility to expand on our research successes, maintain our technological edge and create economic development opportunities that will benefit Tallahassee and the rest of the North Florida region in exciting new ways,” Ostrander said."

"Innovation Park, which totals more than 208 acres southwest of Tallahassee, is home to more than 35 different research and manufacturing organizations. Last year, the LCRDA and the university presidents arriving at an agreement on the park’s future and transfer of its land and facilities was heralded as a major step in cooperation."