University of Illinois at Chicago to create $100M complex

CHICAGO (AP) — The University of Illinois at Chicago is planning to build a $100 million residence hall and academic complex.

The Illinois Board of Higher Education approved the university's proposal for the 10-story building Tuesday, the Chicago Tribune reported.

The project comes after a two-year state budget impasse. Illinois' new 2017-18 budget provides public universities with funding similar to what they received before the impasse.

The end of the budget deadlock also has helped stabilize the state's bond rating, allowing the university to obtain better borrowing terms.

Read more: http://www.qconline.com/news/illinois/university-of-illinois-at-chicago-to-create-m-complex/article_099384de-ed8a-515f-b61a-41915eb4af74.html