Multimillion-dollar donation for U of S involves land deal

By James Wood, The StarPhoenixDecember 23, 2009

 

The University of Saskatchewan, with the help of the provincial government, is dotting the i's and crossing the t's in preparation for a major donation to the university that will soon be revealed.

Last week, the Saskatchewan Party cabinet approved an order-in-council authorizing the university to spend up to $6 million for the acquisition of property in Saskatoon for commercial investment purposes.

University vice-president of finance and resources Richard Florizone said the approval -- necessary for any property purchase more than $500,000 under the legislation that governs the university -- is a "catalyst" for an offering that is currently being kept under wraps.

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Grant Ostapowich

Grant Ostapowich

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