Purdue/Wesley Foundation deal: $7.5M and a place to move

Land deal sets up Daniels School of Business construction. Purdue trustees also buy Chi Omega sorority house, extend AD Mike Bobinski’s contract, set first ‘at-risk’ salary metrics for Mung Chiang

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PURDUE TRUSTEES: $7.5M FOR WESLEY FOUNDATION; A DEAL FOR CHI OMEGA HOUSE; MIKE BOBINSKI’S CONTRACT EXTENSION AS ‘AMERICA’S BEST AD;’ PRESIDENT MUNG CHIANG’S SALARY CHALLENGE

Here were a few takeaways from the Purdue trustees meeting Friday morning in the Stewart Center.

Purdue buys Wesley Foundation property for Daniels School of Business expansion: Purdue trustees agreed to give Wesley Foundation, the oldest campus ministry tied to university, $7.5 million plus vacant property at 122 Waldron St., a corner next to the Krannert School of Management building.