Temple will enter into a 20-year sublease agreement with the Philadelphia Authority for Industrial Development to renovate the East Park Canoe House, where the crew and rowing teams store boats.
The Board of Trustees’ general body approved the decision at a Tuesday meeting in Sullivan Hall on Main Campus.
The university expects the project to cost $5.5 million, $2.5 million of which will come from the City of Philadelphia. H.F. “Gerry” Lenfest donated the remaining $3 million in February, which coincided with the city’s initial announcement of the renovation.
The expense report for the project, a part of the public agenda from the meeting, was signed by President Theobald on Sept. 17.
The lease for the Boathouse Row property includes two 10-year renewal options and would require Temple to provide and maintain public restrooms on the property.
A little more than five months passed since the crew and rowing teams were set to get the ax this summer along with five additional university varsity sports, the two squads are close to settling into a new home.
The City Planning Commission unanimously approved a February plan to invest $5.5 million for renovations on the East Park Canoe House on Tuesday, and have the Temple crew and rowing teams lease out the site, per an NBC 10 report.
Philadelphia is infusing $2.5 million into the renovation, while Temple trustee and new Philadelphia Inquirer owner Gerry Lenfest donated the remaining $3 million.
February’s unprecedented reversal of the decision to cut the crew and rowing teams turned around a series of trying events for both squads, which included the city’s decision to condemn the Canoe House in 2008 and culminated in December’s initial decision to cut both programs.
Tuesday’s approval brought the process one step closer to finalization, as the plan will go to City Council for final approval.