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.
Loyola University hopes to permanently close part of Kenmore Avenue in preparation for new dorms on its lakefront campus in Chicago’s Rogers Park neighborhood. SmithGroupJJR architects, who also helped revamp Loyola’s lakefront campus along with Solomon Cordwell Buenz, released some renderings of the new pedestrian space, which would replace Kenmore Avenue between West Sheridan Road and Rosemont Avenue.