New buildings to adorn GCU campus

Whatever may be the grim presence of US economy, Grand Canyon University is surely upbeat since this well-known private online and traditional university has been able to reimburse $50 million to repurchase the campus it had sold in 2004 to avoid bankruptcy. The news is certainly great but this is the first step of a new beginning of the very university. It has been learnt that the university has several optimistic plans and it is steadfast to implement them in the best manner.

What are the plans then? According to Brian Mueller, Chief Executive Officer of the Grand Canyon University, the university it set to construct three new campus buildings. These are a 4,000- to 5,000-seat sports and event center, a classroom and library building and a dormitory. Mueller also said that the university’s recent success is a result of investing in highly lucrative online instruction and raising the school’s profile by means of retaining a quality bricks-and-mortar campus. “What we’re doing is trying to bring the best of both worlds together,” he said. “This is really a new model for higher education, and I think it will be closely watched.”

It is to be noted that the land deal involved the campus at 3300 W. Camelback Road, which Grand Canyon had been leasing from Spirit Management Co., a Scottsdale-based real-estate trust that had purchased the land five years earlier. Grand Canyon University (GCU) was founded in 1949 and happens to be a private, for-profit accredited, Christian university located in Phoenix, Arizona. The University offers online and campus-based Bachelor’s and Master’s degrees. These include a number of undergraduate and graduate degrees, including bachelor’s degrees in business, education and nursing, as well as a master’s of business administration program.

On the other hand Grand Canyon Education Inc. completed an initial public offering in November, making it the latest Arizona Company to go public. It is listed on the Nasdaq exchange under the symbol LOPE.