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Valpo President/Board Decide to Sell Art Masterpieces to Pay for Dorm Renovation

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Dave Likeness:
The Chicago Tribune newspaper in their April 4, 2023 issue reported that
Valparaiso University on March 9, 2023 paid $2.2 million for the former
Strongbow Inn.  It was purchased by the Valpo endowment fund.
 It is located about a 15 minute walk down the side of a highway from
campus.

Bottom Line: Anybody have more information on this purchase?

peter_speckhard:

--- Quote from: Dave Likeness on April 05, 2023, 11:55:57 AM ---The Chicago Tribune newspaper in their April 4, 2023 issue reported that
Valparaiso University on March 9, 2023 paid $2.2 million for the former
Strongbow Inn.  It was purchased by the Valpo endowment fund.
 It is located about a 15 minute walk down the side of a highway from
campus.

Bottom Line: Anybody have more information on this purchase?

--- End quote ---
Strongbow's was a Valpo mainstay for decades eve before the town started to grow eastward along US 30 and Hwy 2. It's speciality was Turkey dinners. There used to be two restaurants on the corner of 30 in the big field that the chapel sits in, and VU bought both of them several years ago and tore them down as part of a long term plan to redo the main entrance to campus and make it off of US 30, which is now done. I would guess they previously paid for a right of first refusal to buy all kinds of properties near or adjacent to campus. Investing capital in real estate probably works as well as investing it in the stock market and gives the university greater organizational flexibility if less liquidity than stocks. I don't think it probably relates to the proposed art sale, but I don't have any specific information on what they plan to do with the site or why they wanted it.   

Dave Likeness:
Valpo University basketball forward Ben Krikke finished his Senior
year and now will take his Graduate year of eligibility and play for
the Iowa Hawkeyes in the Big Ten Conference next season.

Ben is 6' 9'' and weighs 230 pounds.  Last season he led the
Missouri Valley Conference with a 19.4 points per game average.
He made first team MVC honors and will be a welcome addition
to the Hawkeyes.  Thank you Valpo for this gift.

peter_speckhard:
Say what you want about art and athletics, but the buzz has it that VU scored a major coup in the hiring of their new basketball coach. Expect Valpo to be on the map and a more familiar name to high school students, hopefully leading to some enrollment gains. Anyone who knows the deal will tell you Bryce Drew did more to market VU than an entire marketing department could have done. If Coach Powell can build a conference contender, VU will benefit greatly.

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