ULaval looks to real estate to improve financial autonomy

Université Laval plans to develop two of its university districts to improve its financial independence through long-term revenue generation. Inspired by similar projects at universities like Simon Fraser University, the University of Toronto, and the University of Waterloo, the project will involve the creation of housing, shops, and local services across a combined 38 hectares of land. The university also says that it plans to work with real estate developers, non-profit organizations, and other partners to develop the land, which it intends to retain ownership of and lease out under decades-long agreements. The university is currently conducting a community survey to guide its approach.

Radio-Canada