Villanova University will invest $75 million to renovate and repurpose buildings on the former Cabrini University campus with the potential to eventually house as many as 900 students there, according to university president Rev. Peter M. Donohue. Villanova acquired the Radnor campus for $11.5 million and is paying $45 million to cover Cabrini's long-term debt as part of a deal announced in summer 2023. Cabrini closed in May. The campus will reopen as Villanova University Cabrini Campus in fall 2026 with a combination of academic programs as well as newly renovated student life spaces, residential buildings and athletic facilities.
Source: Philadelphia Business Journal; 10/16/2024