Western Illinois University Leases Horrabin Hall to Regional Office of Education 26
What happened
The Board of Trustees at Western Illinois University agreed to lease Horrabin Hall to Regional Office of Education 26. The lease, which begins on June 1, 2027, runs through June 30, 2032. The first-year payment is set at $9,637 per month, and Western Illinois University will cover all maintenance and repairs for the space.
From tspr.org
Why it matters
The agreement provides Western Illinois University with a new income-producing opportunity through a long-term lease. The Regional Office of Education 26 plans to use the space for its ROYALS program, the Early Beginnings Program, and other grant programs.
From tspr.org
Who's involved
- Western Illinois UniversityLeasing out space in Horrabin Hall to Regional Office of Education 26
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Western Illinois UniversitySpeculative
Western Illinois University could see increased revenue from the new long-term lease agreement.
Keep exploring
The entities involved
-
Western Illinois University
university in Macomb, Illinois, United States
Nothing else this week.