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Urban Universities and their Role in Central City Economics, Marquette University and Johns Hopkins University

Marquette University and Johns Hopkins University - MD, Maryland

Marquette and Johs Hopkins use the same strategy to revitalize their neighbohood. They purchase real estate located around their university campuses. They have acquired 54 acres from surrounding communities for a make-over of businesses and apartment buildings valued at $30 million. At the local level they have procured a $4.17 million low-interest loan from the city. At the federal level they recieved a $650,000 US HUD grant for crime prevention and landlord-tenant relations. Upon completion the university will have developed 152 apartments and 89,000 square feet of commercial space including a new Blockbuster Video store and an athletic center.

Excerpted from the Brookings Institute Center on Urban and Metropolitan Policy’s “”Urban Universities and their Role in Central City Economies”", December 1997

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Urban Universities and their Role in Central City Economics, Marquette University and Johns Hopkins University

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