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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Mississippi State makes NSF ranking of research universities
- Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Panther Creek megasite — Putting a value proposition out there
- Chris McDaniel responds to radio show audio clip
- Ex-city worker arrested on false pretense charge
- Kelly Boutwell added, Jason Word promoted at MEC
- Cotton to take center stage during MSU summit
- BRENT CHRISTENSEN — Entrepreneurs: A vital fuel for Mississippi’s Economy