Illinois State University’s Board of Trustees today approved a lease renewal for the University’s Alumni Center, located at 1101 North Main St. in Normal. The lease agreement with Launching Futures, LLC is set for five years at an annual cost of $230,004. The agreement includes the option to renew for an additional five years at that annual lease rate.
The original lease agreement for the Alumni Center was signed in 2008. Launching Futures, LLC was created as a limited liability company by the Illinois State University Foundation. The lease of the Alumni Center property is paid through general revenue operating funds.