Chasing Cheap money, Chicago’s Loyola University finds a building boom

Midwest
Tuesday, August 13, 2013
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loyola_inst_enviro_01Loyola's Institute of Environmental Sustainability. (Solomon Cordwell Buenz / Loyola University)

Loyola’s Institute of Environmental Sustainability. (Solomon Cordwell Buenz / Loyola University)

Chicago’s Loyola University has wasted no time, it seems, in taking advantage of low interest loans in the wake of the 2008 financial crisis. The school has spent more than $500 million on building projects since 2008, reported Crain’s Chicago Business.

At No. 106 in U.S. News and World Report’s 2013 ranking of national universities, Loyola could stand to improve its public profile. Though it gained 13 places since last year’s ranking, the school lags nearby Northwestern (12th) and the University of Chicago (4th) considerably.

The expansion includes new buildings at both the medical campus in suburban Maywood, IL. (here’s AN’s coverage of a sleek new home for the university’s nursing school) and in Chicago’s Rogers Park, where a $58.8 million Institute of Environmental Sustainability opens this month. Read the full Crain’s report here.

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