Temple University is bidding to acquire Terra Hall, the main academic building of the now-closed University of the Arts (UArts), with plans to make it the new home of its Center City campus.
University president John Fry confirmed the bid in a message to the Temple community on Friday, saying that it has been approved and is awaiting court approval. The university made a bid of $18 million, the Temple News reports.
Fry promised further updates in the “weeks to come” and said that “the acquisition of Terra Hall continues Temple’s longstanding tradition of investing in a Center City campus and provides us with a strong and permanent presence in the heart of downtown Philadelphia.”…