Breaking News: Webster purchases $935,000 university residence
Since 2008, Webster University has been planning and searching for a place of residence for the university president. Today, the Board of Trustees announced their purchase of a $935,000 property, across the street from Webster.
The home, located at 102 Mason Avenue in the Webster Park neighborhood, boasts more than 3,400 square feet with two patios and a screened wrap-around porch. Realtor.com lists the price of the four bedroom, four bathroom home as $998,000.
The university said in a media release that providing a university home for a president is standard practice. The new residence will eliminate the housing allowance Webster currently pays President Elizabeth Stroble, and allows her to host events for prospective students, donors and dignitaries from around the world in a personal, comfortable setting.
Stroble is expected to move into the home in March, after renovations are made to ensure the home meets the Americans with Disabilities Act standards for access. The last university president to live in Webster Groves was Jacqueline Grennan-Wexler, who served as president from 1965 to 1969.