A recent gift of real estate valued at $1 million will be used to help provide local housing for University of Wisconsin-Whitewater faculty and staff members.
Whitewater businessman and First Citizens State Bank President Jim Caldwell and his wife, Julie, donated 23 parcels of land to the UW-Whitewater Foundation. The lots are located in a new housing development on the city of Whitewater’s northwest side near West Bloomingfield Drive.
The real estate parcels will be managed by a real estate subsidiary of the UW-Whitewater Foundation. The UW-Whitewater Foundation approved the creation of this subsidiary as well as the planned use of the land for university housing at its Feb. 3 meeting, according to a press release from the school.
Foundation officials will consult with university and community leaders over the coming months to develop specific plans for the use of the real estate.