Finance and Economic

Salem Hospital has agreed to pay $6 million for the campus formerly used by the Oregon School for the Blind. The state announced the sale of the 8.37-acre site in Salem on Tuesday.

The Legislature voted in 2009 to close the school and sell the property. Proceeds from the sale will be split equally between a fund to provide resources and educational services to visually impaired students and the School for the Deaf payday loan.

Pending the results of Salem Hospital's 60-day due diligence period, the sale could close by mid-October.

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