THE CASH-STRAPPED University of the West Indies at Cave Hill is forking out $20 000 a month to lease the unoccupied Mutual Building on Broad Street.
The multistorey building, which was built in 1894 and is now a World Heritage Site, was handed over in 2014 to be used as a City campus.
Vice chancellor Sir Hilary Beckles, who is also a director of Sagicor, the successor of the Barbados Mutual Life Assurance Society, was involved in brokering the deal for the use of the building, but the terms and conditions had not been revealed.
However, SUNDAY SUN investigations have discovered that the campus has been paying $240 000 annually to Sagicor. (MB)
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