uSask allots half of its land for residential housing
October 15, 2012
The University of Saskatchewan owns approximately 1,800 acres of land in the centre of Saskatoon, and is setting aside more than half of that land for residential and commercial development. uSask's acting VP of finance and resources says the institution will lease the land, giving itself a steady stream of new revenue in the tens of millions of dollars. "The economic value of the land is of interest to us to support our teaching and research mission, so it's something that benefits both the university and it also benefits the city in terms of residential and commercial development right within the city core," the VP says. Preliminary planning indicates high-density housing, with the potential for up to 60,000 units on the land. CTV
