Illinois State University is going to buy a pair of apartment buildings for student housing and close two dormitory complexes.
ISU will spend about $4 million on the buildings, which are owned by a Chicago company. The board of trustees approved the purchases along with $300,000 for improvements to 1 of the properties. ISU vice president of finance and planning Daniel Layzell says the school has no definite plans for the properties.
ISU had options to buy the properties for several years. The buildings have a total 80 units and will house 160 students starting next fall.
The university also will stop using two dormitory complexes with 1,400 beds. The buildings need extensive updating.