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Tuesday, December 24, 2013

Gilbert council OKs developing St. Xavier University


The Gilbert Town Council on Nov. 7 approved a development agreement that officially will bring Chicago-based St. Xavier University to the downtown Heritage District with a four-story building directly west of the Heritage Marketplace site.

Gilbert will pay to design and construct the university building on town-owned land near Gilbert Road and Vaughn Avenue, next to the site of a public parking garage where construction will begin next month.

St. Xavier will make lease payments to Gilbert that cover the cost of the building as well as fair market value for the land, Town Manager Patrick Banger said. The building cost has not yet been determined.

Read more...Gilbert council OKs developing St. Xavier University

Reuters: Business News

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