Discover Stanly 2017-2018 - Page 42

Education Pfeiffer University plants seed for downtown prosperity By Ritchie Starnes News Editor P feiffer University’s plans to build a satellite campus in downtown Albemarle figures to be a catalyst for an economic boom. An anticipated financial investment of more than $10 million in new development and historic renovation is part of the windfall to be generated by Pfeiffer’s two graduate health science programs locating in the county seat’s downtown. A study revealed the project would net an economic impact of $27.5 million over a six- year period. Once established, the satellite campus would employ at least 17 full-time jobs and serve 200 students. Those employees and students would bring new commerce to downtown while presenting the opportunity for renewed growth in housing, retail and restaurants. “The immediate economic impact of the project is very exciting, and the potential to have a lasting and transformative impact on our city is equally exciting.” said Albemarle Mayor Ronnie Michael. 42 Discover Stanly | 2017