MUN purchase of Battery Hotel a done deal

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Memorial University has officially purchased the Battery Hotel it was announced today. — File photo

Memorial University just bought the Battery Hotel in St. John’s for $9.5 million.

The deal closed late this afternoon, according to a news release sent out by MUN.

The university has said that the hotel will be converted and used for off-campus office space, and a downtown presence in St. John's.

On top of the $9.5 million paid for the hotel itself, documents obtained by The Telegram indicate that the provincial government has authorized MUN to spend up to $16.2 million on repairs and alterations to the building.

“We are looking forward to having a more tangible and dynamic presence in downtown St. John’s,” said MUN President and Vice-Chancellor Gary Kachanoski.

“Not only does the property address some of our most pressing space needs, it will also allow some university units that engage with the public regularly to do so from a highly accessible location.”

Organizations: Battery Hotel, MUN.The university, The Telegram

Geographic location: St. John's

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Recent comments

  • David Lambert
    March 02, 2013 - 07:22

    Maybe we see a school of law here after all, but we are definitely going to see the cost of attending MUN skyrocket. I just hope that the powers that be are not attempting to put the price of a higher education out of reach, and make our university elitist. Remember those who it Memorializes.

  • Ger
    March 02, 2013 - 06:37

    No shortage of money here. Not saying it's a bad idea,but, in today's fiscal situation, this should not happen. Also, with the Battery gone, so are the taxes paid to the city. I guess we could cancell the city's $100,000 grant to MUN for the Aquarena offset some of the loss taxes.

  • ELSH
    March 01, 2013 - 19:08

    This has to be the biggest farce and waste of government funding that I have witnessed in some time..."a presence in the downtown..." This will be like the Fleuvarium, sopposedly a place to educate people and school kids on the various species of fish that inhabit our waters... this MUN purchase will simply be another place for the upper echelon to wine and dine Alumni and business people and Friends... A catasthropic joke !!! Is this what higher education has evolved into as of late? Mose Morgan has to be turning in his grave !!!