Get While the Gettin's Good

Two years after Pfizer closed its 175-acre research complex in Ann Arbor, the University of Michigan has bought it for $108 million. "The price was right," says Stephen Forrest, vice president for research, in an article at The Chronicle of Higher Education. The university hopes to expand its research programs, possibly creating at least 2,000 new jobs over the next decade. Most of the money to acquire the site will come from the University of Michigan Health System's reserves; the rest will come from the university's investments, says the story.