Wednesday, November 12, 2008

UAB news

See here:

The University of Alabama at Birmingham plans to buy a hotel next to Interstate 65 for $3.2 million, according to documents submitted to the University of Alabama System Board of Trustees.


The building that now houses the Medical Center Inn would be demolished and could be used for athletic fields. The board of trustees plans to hear the proposal Thursday.

UAB already owns the land on University Boulevard and is leasing the land to the hotel and adjacent Waffle House.

The school could get the property for free when the 50-year ground lease ends in 2039, but UAB has decided it does not want to wait that long to use the property, according to the documents submitted to the board.

3 comments:

G said...

that sure is a lot of scholarship money...

StaciDarling said...

That's what I'm thinkin, G.

Clayton said...

Yet another example of a general lack of common sense. They are buying something they already own and throwing money away when they should be holding on to it in this economy.