Agreement Reached on Yerkes Sale
Agreement Reached on Yerkes Sale
June 7, 2006
The University of Chicago has reached an $8 million sale agreement with a private developer to preserve the venerable Yerkes Observatory, one of the world's great astronomical landmarks. Under the terms of the agreement, Mirbeau Companies of Skaneateles, New York, will develop 45 acres of land around the historic observatory for housing, but the observatory's three major telescopes will continue to be used for research and education.
http://skyandtelescope.com/news/article_1738_1.asp