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A New Concept For College Town Stadium Districts

Posted by: Chris Steins
Thanks to: ArchNewsNow
5 June 2003 - 6:00am

A new company promises to help universities pay for new sports facilities that include residential, retail and other commercial ventures.

"Virtually all universities have budget problems and administrators understand the need to attract more revenue, said Greenberg. By working with College Town, universities can build new sports facilities that may include residential, retail and other commercial ventures, he said. College Town requires universities to partner in the development projects by giving up land for the projects. In return, the universities share in cash flow, equity and appreciated value of the real estate venture."

Full Story: Kicking off U-rah development
Source: American City Business Journals, June 4, 2003
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