Fanshawe downtown campus may contribute $80 million to core’s economy

May 29, 2013 by

Source: Academica

Fanshawe College’s downtown campus, set to open its doors this fall, may eventually contribute $80 million annually to the core’s economy. That is the estimate Fanshawe president Howard Rundle offered yesterday when he and other college officials updated the public on the downtown campus project. The City of London is contributing up to $20 million to help Fanshawe purchase and renovate buildings in a defined district downtown. The Ontario government added about $6 million, an amount matched by Fanshawe itself. The college is pushing a fundraising campaign to close the gap in the project’s budget. The School for Applied and Performance Arts will open in September with an expected 400 students. The school hopes to eventually purchase one or 2 more buildings, with an eye toward total enrolment of 1,000 students downtown.

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