uSask expands retail development, generates revenue for scholarships

October 4, 2013

The Preston Crossing retail development in Saskatoon, SK will be expanding with a fifth phase of development, meaning more revenue for the University of Saskatchewan, which will be redirected to scholarships for students. uSask will issue an RFP to select a developer for the 14-acre plot owned by the institution, and the new zoning regulations will allow for small stores as well as services like restaurants and financial institutions. Preston Crossing currently generates about $2 million per year in revenue for uSask and about $10 million in scholarships have been awarded since the project began. uSask News