DSU using unique financing for dorm
The new facility is scheduled to open in the fall of 2010 and will stand where Bond-Carpenter and Whittington-Williams halls once stood on the south side of the campus. Delta State will be the first public university in the state to use an innovative, privatized method for financing the project.
Delta State vice president for finance and administration Greg Redlin said, “A private firm will complete the construction and, through a bond system, the university will manage the buildings and pledge revenue collected from student rent to pay the debt service. The residence hall is scheduled to be completed in about half the time of comparable construction projects and at a reduced cost.”
The new residence hall will be a three-story structure adjacent to the Young-Mauldin Cafeteria. The facility will contain 182 units accommodating 362 beds with lounges, study rooms, common kitchens and laundry facilities on each level.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- JOSH MABUS: Bill Murray and business misfits
- The Dan Jones-IHL saga: Is this the story that started it all?
- Analysis: Closed meetings can feed false public impressions
- DAVID DALLAS — From Dan and Dixie with love
- Lawmakers move on bonds despite complaints from colleges and universities
- Cal-Maine income skyrockets as prices rise and costs shrink
- Business groups file briefs in support of Kemper coal plant rehearing
- DAVID DALLAS — Just how long can Dan stand?