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LAKELAND, Fla. (AP) — Florida Polytechnic University's board of trustees has agreed to buy President Randy Avent a $975,000 home.
The college will own the 4,190-square-foot home once the deal approved Thursday closes in September.
Trustee Sandra Featherman supported the deal but said it is "a lot of money."
The university's interim director of facilities David Calhoun told the board the home was more affordable than building a presidential home on the Lakeland campus.
Spokeswoman Maggie Mariucci told the Ledger of Lakeland (http://bit.ly/1Kzr3X4 ) the home needs to be big enough to host university functions.
Officials say 57-year-old Avant has lived in a condo since starting his job. He was hired last year for $385,000 per year. He is the school's first president.
Information from: The Ledger (Lakeland, Fla.), http://www.theledger.com
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