BLOOMINGTON – Indiana University Foundation purchased the former Bear’s Place, the adjacent parking lot, and a nearby residential property on South Eagleson Street for $3.155 million, according to property transfer records.
According to the Monroe County Assessor’s Office, the sale was conveyed to the IU Foundation on Feb. 28 and recorded by the Monroe County Assessor’s Office on March 1.
IU students will continue to live in the nearby residential property. The only change will be their property management agency.
IU currently has no plans for the future of the property.
According to IU officials, when a property becomes available near the campus the university is interested in purchasing it for the good and future of the university.
