Over the course of the past decade, the University of the South has dedicated much research and consideration toward revitalizing the Sewanee Village and establishing a development plan that delivers on the promise of new residential, commercial, and retail offerings to better serve employees, residents, students, and visitors. The elements required for such a revitalization are now largely known, and the University is ready to begin implementing an exciting plan.

At its meeting earlier this month, the Board of Regents committed to investing $10 million from the University endowment to begin the execution phase of a development plan to include the Village and surrounding area.

“Generations of donors have funded our endowment and have trusted University governing boards and administrators to invest those funds wisely. As with all endowment investments, the University expects a healthy financial return. In addition, the investment will begin to generate many benefits in the near term,” said David Shipps, vice president for economic development and community relations.

“Importantly, this investment aligns with the University’s ongoing goal of attracting and retaining both students and employees,” he continued. “It will help to ensure that Sewanee remains an attractive and desirable place to study, work, and live for current and future generations of employees, students, and residents.”

Investments in specific project proposals will ultimately be approved by the Regents’ Investment Management Committee. While specific plans will come together later, examples include the development of additional entertainment and dining options befitting a campus community of students, as well as new housing and retail alternatives for employees and residents of our community.

“This investment demonstrates the University’s commitment to meeting the ongoing and evolving needs of all who call Sewanee home. It is an exciting time to be in Sewanee,” Shipps said.