In a Tuesday meeting, UA's Vice President of Financial Affairs Matt Fajack explained that this land would "unlock a lot of value in an adjacent piece of property."
Sitting at 1300 21st Street East, the Northington lot sits just behind Snow Hinton Park and Bowlero, and beside University Mall. An appraisal on March 2 found the land's value to be roughly $3.66 million.
Dorrill was unable to tell The Thread what this land purchase would eventually become. However, the land does sit adjacent to a 5-acre property already owned by the University which is currently used as multi-day RV parking.
The University owns 3 tracts of land in the area, including the old Fire College. This acquisition would bring the University's total land ownership in the immediate area to roughly 18 acres.
A nice place for additional student housing.
Sitting at 1300 21st Street East, the Northington lot sits just behind Snow Hinton Park and Bowlero, and beside University Mall. An appraisal on March 2 found the land's value to be roughly $3.66 million.
Dorrill was unable to tell The Thread what this land purchase would eventually become. However, the land does sit adjacent to a 5-acre property already owned by the University which is currently used as multi-day RV parking.
The University owns 3 tracts of land in the area, including the old Fire College. This acquisition would bring the University's total land ownership in the immediate area to roughly 18 acres.
UA Trustees Buy Tuscaloosa's Northington Elementary Campus for $4 Million
The University of Alabama System's Board of Trustees unanimously approved a motion to purchase nearly 10 acres of land near Tuscaloosa's McFarland Boulevard, including the closed Northington Elementary School.
tuscaloosathread.com
A nice place for additional student housing.