Daniels Donates $1.75M Home to School
Denver -- Cable pioneer Bill Daniels was at it again last
week.
The 77-year-old so-called "father of cable
television" has donated a $1.75 million home to the University of Denver, which will
use it as the official residence of the school's chancellor.
The donation included $500,000 to cover furnishing and
renovations at the 8,837-square-foot home, which is located in the exclusive Denver
Country Club area.
Daniels reportedly purchased the home earlier this month.
"I knew that DU did not have a chancellor's
residence, and my research told me that any first-class institution in the country has
one," Daniels told the Denver Post.
DU chancellor Daniel Ritchie -- whose own donations to the
school included 50,000 acres of Colorado ranch land, valued at $42 million -- is expected
to move into the home next fall.
Daniels' latest act of largess comes four months after
he announced that upon his death, his lavish, $7 million "Cableland" mansion
will be donated to the city of Denver, which has agreed to use it as the official mayoral
residence.
Multichannel Newsletter
The smarter way to stay on top of the multichannel video marketplace. Sign up below.