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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

UWF to build hotel, conference center


The University of West Florida is moving forward with plans to build a hotel, conference center, and additional student housing.

On Tuesday, the town of Century signed off a 40-million dollar bond issue that will put that plan into action.

A private developer will build the project on 18 acres of land near the east entrance of the campus.

UWF will own the land and execute a 50-year lease with the developer.

The university will get a percentage of gross revenue generated from the development.

After the 50-year lease is up, the Univeristy of West Florida Business Enterprises, Incorporated will own the improvements.