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University moves to take majority stake in Old Capitol Town Center
The University of Iowa wins approval to buy 45 percent of the Old Capitol Town Center in Iowa City, increasing its ownership to about 63 percent and placing the campus near doubling its total investment in the two block mall. Purchase documents show the university has paid over 20.8 million since 2005 and will fund the remaining 20.6 million through a loan while assuming existing leases.
MENTIONED IN THIS ARTICLE
Cedar Falls
University of Iowa
Old Capitol
Iowa City
Gazette
Old Capitol Group
University
UI Health Care
UI Department of Public Safety
UI Student Disabilities Services
CoWork Commons
Kieft
Chipotle
Buffalo Wild Wings
CVS
Old Capitol Mall
J.C. Penney
Younkers
The
Buckle
Claire’s
Foot Locker
Express
Victoria’s Secret
Coral Ridge
Board of Regents
Jim Slosiarek
the Gazette