Continuing the commitment to transform the University of Utah from a commuter campus to one with an abundance of student housing, a ribbon-cutting ceremony was held Wednesday for the first building of a student housing project, with a twist. The U., the Clark and Christine Ivory Trust and The Church of Jesus Christ of Latter-day Saints came together to form a unique, collaborative, public-private partnership to build Ivory University House — a four-building, 621-unit apartment community located at the corner of Mario Capecchi Drive and South Campus Drive. This project is unique and different from other university housing projects in that all rent paid to Ivory University House will be reinvested, to the tune of nearly $1 billion over 99 years.
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The University of Utah, the Clark and Christine Ivory Trust and The Church of Jesus Christ of Latter-day Saints broke ground on a student housing project that will address a critical need at the University of Utah in Salt Lake City, Utah.