Purdue Trustees OK student housing lease and electron microscope purchase

By District Energy posted 04-12-2019 15:31

Recommend

Purdue University

Summary

WEST LAFAYETTE, Ind. - Purdue Trustees on Friday (April 12) approved several lease and purchase transactions for the West Lafayette campus, including:

The lease of 86 apartments in the forthcoming Aspire at Discovery Park property for the 2019-20 academic year from the Purdue Research Foundation. The units will provide 336 beds for student housing and four beds for residential assistants to help address the increase in student enrollment on the West Lafayette campus.
The purchase of the approximately 257,000-gross-square-foot facility at 2550 Northwestern Ave., last used as the regional headquarters and operations center for State Farm Mutual Automobile Insurance Co. The purchase includes the building and 22 acres of land.
The lease of one acre of land near the Wade Utility Plant to Duke Energy for 35 years to build, own and operate a new 16 MW natural gas-fired combined heat and power (CHP) plant. The plant will produce both steam, which the university will purchase, and electricity, which will go to the grid for Duke Energy customers.