UD Signs Deal to Purchase Former Chrysler Site

[93henfan]

The University of Delaware has signed the deal to purchase the 272-acre former site of the Newark Chrysler Assembly Plant (across the street from The Tub) for the bargain price of $24.25 million. When finalized by the bankruptcy court, it will be the largest ever expansion of the campus. No word on the site being utilized for anything sports-related yet. Initial word is that the site will be used to greatly expand Delaware's graduate programs via a research and technology campus. It will likely host a new medical school in partnership with Thomas Jefferson University and a technology park to lure several thousand jobs for the BRAC expansion of the Army's Aberdeen Proving Ground just down I-95:

http://www.delawareonline.com/article/2 ... /910240360

[Rob Iola]

The University of Delaware has signed the deal to purchase the 272-acre former site of the Newark Chrysler Assembly Plant (across the street from The Tub) for the bargain price of $24.25 million. When finalized by the bankruptcy court, it will be the largest ever expansion of the campus. No word on the site being utilized for anything sports-related yet. Initial word is that the site will be used to greatly expand Delaware's graduate programs via a research and technology campus. It will likely host a new medical school in partnership with Thomas Jefferson University and a technology park to lure several thousand jobs for the BRAC expansion of the Army's Aberdeen Proving Ground just down I-95:

http://www.delawareonline.com/article/2 ... /910240360

Outstanding! Timely too with the upcoming move of DOD jobs from around DC up to APG, coupled with the consolidation of the credit card industry and the Chrysler and GM plant closures. Ultimately a net change from blue-collar and low-paid white collar jobs to high-tech and healthcare - not that there's anything wrong with blue collar jobs - with the resultant benefits to the service and education industries plus the tax base.

Or we can just build a 35,000 seat stadium with luxury boxes and join the MAC...