NAU S. Fourth Street

A map included in the action item of the Arizona Board of Regents' agenda shows the land Northern Arizona University is requesting to purchase.

The Arizona Board of Regents approved Northern Arizona University's purchase of a 120-acre parcel of land at 1301 S. Fourth St. during Thursday afternoon's meeting at the University of Arizona.

NAU will now purchase the land from its holding company, Northern Arizona Real Estate Holdings (NAREH), for $3,000,000 to be paid in 20 years of equal annual installments with 5 percent interest.

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Prior to the approval, NAU said specific plans for the parcel were undecided, though a “Master Planning Process” is scheduled to occur within the next few months according to Joanne Keene, Executive Vice President and Chief of Staff in the NAU President's office.

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