Published Wednesday, 28 November 2012
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A total of £6.2m will be spent to enhance sports facilities at the campus, with a new sports hall to be built adjacent to its existing £13m high performance centre.
The centre was opened in 2008 by Lord Coe and has been used by top athletes including Northern Ireland's Olympic and Paralympic athletes, and the Ulster rugby squad.
The campus's Fire Safety Engineering and Research & Technology Centre and the Dalriada Student village will also be retained.
The University has proposed that the main building and car park should be replaced by an "urban village-style" residential development.
It hopes to acquire planning permission for the site for a village centre development to suit a variety of residential, retail and commercial accommodation.
Vice Chancellor Professor Richard Barnett said: "The University has been a part of the Jordanstown landscape for 40 years and will continue to be an important part of the landscape in years to come.
"It is because of that long association with the area that the University is keen to retain its links through the further development of our world class sports facilities and the retention of our FireSERT research facility while also triggering development that is sensitive to the needs and character of the local community."
He said the University's presence would be scaled back as a result of the new Belfast campus but that their commitment to Jordanstown "will not in anyway be diminished".
By making the move to a new Belfast campus, we will provide a high quality, innovative and creative learning environment on one site which meets the needs of today's students and reflects recent changes in higher education.
Alastair Adair, University of Ulster Provost
In March the university unveiled its plan for a new Belfast City campus in York Street.
A total of £250m will be spent on the development, which is expected to be completed in 2018 and will be built around the existing campus.
It will house 15,000 full-time and part-time students and staff.
Professor Alastair Adair, Provost of Jordanstown and Belfast campuses said: "The University of Ulster has always been a progressive, modern, forward and outward-looking academic institution.
"In order to remain true to that philosophy, our facilities must respond to reflect the latest trends in international higher education, so that we can compete for the best students, best researchers and best staff.
"However the University if also keen to ensure that the facilities that remain in Jordanstown enhance the area and we want to engage the local community on our Masterplan proposals."