Property Types Office
University of Chicago to Create $200 Million Center Honoring Late Economist
May 15, 2008
Source: Crain's Chicago Business

The University of Chicago plans to create a $200 million center to honor the late economist Milton Friedman, a Nobel Prize winner and longtime faculty member at the school. The Milton Friedman Institute will began operations this fall and will eventually be housed in buildings that are currently occupied by the Chicago Theological Seminary.

The university is currently buying those buildings with the proviso that it will build a new home for the seminary itself. However, the seminary is not expected to move until 2012, and then will lease the buildings from the university at a cost of $1 per year for 100 years.


 
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