Committee backs CU Boulder purchase of 2350 Arapahoe Avenue
The committee recommended support for CU Boulder’s planned purchase of 2350 Arapahoe Avenue for about $3.9 million, to be funded from auxiliary reserves; the recommendation was unanimous 6–0.
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Todd Hegarty, senior vice chancellor for finance and business at CU Boulder, presented a plan for the campus to buy 2350 Arapahoe Avenue for roughly $3.9 million to assemble contiguous campus property. Hegarty said the purchase would be funded from auxiliary reserves managed by the university’s real‑estate program and that the existing tenant (a restaurant on a month‑to‑month lease) may remain as CU develops longer‑range plans for the site.
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