Based in Lafayette, Indiana

Based in Lafayette, Indiana

Share this post

Based in Lafayette, Indiana
Based in Lafayette, Indiana
Purdue shells out $155M for Aspire, 74% more than it was worth new 3 years ago
Copy link
Facebook
Email
Notes
More

Purdue shells out $155M for Aspire, 74% more than it was worth new 3 years ago

University jumps at chance for apartment complex next to campus as enrollment surges, outbids competition for Aspire, once touted as first private housing option in Purdue’s Discovery Park District

Dave Bangert's avatar
Dave Bangert
Jul 12, 2022
∙ Paid
2

Share this post

Based in Lafayette, Indiana
Based in Lafayette, Indiana
Purdue shells out $155M for Aspire, 74% more than it was worth new 3 years ago
Copy link
Facebook
Email
Notes
More
Share

Thanks for the ongoing support from Little Engine Ventures, sponsor of today’s edition. For more about what the Lafayette company does, click the links below and scroll through this issue.

CLICK HERE FOR MORE ON LITTLE ENGINE VENTURES


In an aside during a June trustees meeting, Purdue President Mitch Daniels suggested it was obvious why Balfour Beatty – the private firm that opened Aspire, the first housing complex in Purdue’s Discovery Park District, in 2019 – was motivated to sell the property along State Street after just three years.

Daniels’ guess, as the university was in the final negotiations for the property in June, was: “They’re going to do well on this.”

With Purdue aggressively bidding on the property right next to campus, seeing Aspire as a better, quicker alternative than building a new dorm to handle a series of record enrollment years, just how well became clear Monday morning.

(Photo: Dave Bangert)

Keep reading with a 7-day free trial

Subscribe to Based in Lafayette, Indiana to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Dave Bangert
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More