Under that agreement, the university bought the land at a cost below its market value. The difference between Ohio State's costs and the income it will receive for sale of the property is a gift to the university from Raymond Firestone. The committee will serve as an oversight body to the Medical Research and Development Foundation, a non- profit corporation created as a conduit for moving academic enrichment funds from medical practice groups to the university. The remaining nine waivers were for sufficient economic reason. Written by Tom Spring.
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