UI’s Mayflower preliminary assessment far below $45 million price tag

The University of Iowa is selling its Mayflower residence hall as part of a five-year plan to upgrade its housing system, a project influenced by research and feedback from students, with a price tag of $45 million.

An official assessment will be done in March, but the estimated cost approach assessment is currently $30,699,780, while the estimated income approach is $32,119,090, far below…