I love the bread factory... On those cold winter days when the wind is coming out of the north (inevitably also the days when we get tons of snow), all you can smell is the fresh bread all over north campus.
http://www.ohio.com/news/91971564.html
Buy it up. It's in a perfect location for the university, for any number of things. I like how they held off in the hopes of keeping jobs downtown, but that time is over. Make the move, UA. Buy it now, and figure out what to put on it later.
You said it...any number of things. Maybe they could put the new Ed. building there instead and keep the Memorial Hall site open as adjacent green space to LJF. Or we could use some new tennis courts. Or more parking. Or another dorm (near Quaker Square and the Titanium Bridge). Or move Ayer & Zook down there Or wait until we have CHHS as well and build something really big. Why is it something tells me when it's all said and done there will be another polymer science complex there?