More than $3.9 million has been invested in University Park by the state of Illinois for the creation of concrete roads and the installation of utilities capable of supporting more than one million square feet of building space. Approximately 155 acres are fully improved, with street lighting, entry signage, landscaping and buried utilities at the lot line.
The property is carefully covenanted to protect property values. Land is available on a long-term lease basis, so that companies can retain more capital for core businesses.
Close proximity to all major regional interstates, including I-255, 55, 270, 70 and 64, and to Illinois Routes 157 and 159 gives University Park tenants easy access to the greater St. Louis metropolitan area.
University Park’s mission is to mobilize the vast intellectual, applied research and business capabilities of SIUE and facilitate interaction with leading-edge research and technology-based businesses. University Park offers emerging industries and new businesses the resources to gain a competitive edge; benefits the economic development of the region by attracting new business and investment dollars to the area, and offers students and faculty the opportunity to conduct applied research.
University Park will become a recognized leader in economic development comprised of entrepreneurial businesses that conduct leading-edge research and development with a focus on emerging biotechnologies.
In the mid-1980s, an idea was born—to forge and cultivate partnerships between SIUE and businesses across the region. Ground was broken on University Park at SIUE in 1990. University Park’s vision was to become a recognized leader in economic development comprised of entrepreneurial businesses that conduct leading-edge research and development with a focus on emerging biotechnologies.
Today, University Park includes:
|University Park, SIUE, Accountability for the Investment of Public Funds Compliance Report|
|Financial Institution||Balance||Rate of Return||Interest Earned||Month Ended|
|The Bank of Edwardsville -MMkt Checking||$375,788.67||0.40%||$121.17||2/29/2014|
|CloverLeaf Bank -Business Money Market||$1,193,445.30||0.25%||$228.84||2/29/2014|