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Prairie Sets Out Process for Divestment of Land

 

 

April 24, 2006

 

Looking towards the future Prairie has determined an immediate need to redefine the campus and to plan for the replacement of the obsolete buildings. Modernization of the campus core, reduction of overall square footage and improved functionality are the main goals of the campus updates.

Prairie has already publicly announced that it plans to divest itself of land holdings east of 6th Ave in order to reinvest those capital assets in its core operation on the west side of the street. At last week’s Board of Directors meetings, Prairie’s Board passed a motion to hire an external consultant to conduct the Area Redevelopment Plan (ARP) and have it approved by the necessary governing authorities. Once the ARP is complete, Prairie will be tendering for developers to work through the process of selling the land, according to the approved ARP.

Prairie plans to begin the tendering process in the near future. Interested parties are invited to contact Prairie’s Board of Directors through the President’s Office, Box 4000, Three Hills, AB, T0M 2N0 or presidentsoffice@prairie.edu.

Prairie is a leading Canadian centre of higher education for Christians. We equip students to achieve their life, ministry and career purposes and to fulfill their role within the Body of Christ.

 

 

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