The board of trustees officially named Paul Hennigan as Henderson's permanent successor at the beginning of the 2006 fall term. Hennigan has continued the process of creating a new strategic plan. As part of the plan, the University has purchased several Downtown properties for development. Point Park is also poised to become a key player in the city's efforts for Downtown revitalization, owning properties along the coveted Fifth and Forbes corridor.
The University partnered with a private contractor to renovate two historic buildings into suite-style residence halls. One of these residence halls became home to a Starbucks in August 2007. The coffee shop is the first full-service retail entity incorporated into Point Park's campus.
A $16 million 44,000-square-foot (4,100 m2) state-of-the-art dance complex opened in 2007. The complex includes five rehearsal and performance studios, and recently received Gold LEED certification from the U.S. Green Building Council. Located in the heart of Downtown Pittsburgh, the complex is home to the George Rowland White Performance Studio, a 188-seat convertible performance space.
Point Park purchased the building occupied by the YMCA of Greater Pittsburgh on the Boulevard of the Allies in the spring of 2008. In September 2010, the newly renovated former YMCA building reopened as the interim Student Center with exercise and fitness facilities and equipment, a gymnasium, meeting space and much more.
The University is currently creating a "New Academic Village" that will make the school, and downtown, a vibrant area for students. For more info, log on to the Point Park University Web site
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