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
- Justice Department files complaint against tax preparer
- DMR pays accounting firm more than double contract's worth
- Following ruling, Entergy to hand over records to county
- Chris McDaniel gets a thank you note from Travis Childers
- Report: State's emergency care ranks highest in Southeast
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Union-restricting legislation moves forward
- George’s Girls put shopping skills to work
- Boyd Gaming reports drop in in-state net revenue