The University of Georgia announced Monday that its foundation has agreed to sell the university’s Costa Rica residential and research campus.
UGA is selling the campus to the Council on International Educational Exchange, the nation’s oldest and largest nonprofit study-abroad and intercultural exchange organization, according to its website.
UGA said it plans to create a $4 million endowment for annual scholarships to allow more students to study in Central America, South America and Africa. The sale will be final April 30.
The university purchased the campus in 2001. The campus was barely used when The Atlanta Journal-Constitution visited the site in 2004. The property borders on nearly 40,000 acres of tropical cloud forest. It is home to more than 2,500 varieties of plants, 250 kinds of birds and 200 species of trees.
UGA said in a news release it plans an ongoing relationship with CIEE that will give students and faculty continued access to the campus and other CIEE programs worldwide.
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