http://www.idahostatesman.com/2010/0...k-student.html
Boise State scales back student housing expansion
By Bill Roberts -
broberts@idahostatesman.com
Published: 05/27/10
Boise State University is proposing a 360-bed student housing complex along Lincoln Avenue that could open by fall 2012.
The project is the latest iteration of a plan to expand campus housing. Boise State backed away from a proposal for a nearly 900-bed complex that would have been built and operated by American Campus Communities, one of the nation's largest developers of student housing.
Boise State decided not to go with the American Campus Communities proposal after a company that rates the school's bond said the project could go against the school's debt capacity even if Boise State University didn't put money into it.
The original project was estimated at $41 million and would have required Boise State University to lease land to American Campus Communities for up to 85 years.
The new project, built in the same region of the campus, is smaller and initial estimates are it will cost between $19 million and $25 million. The construction costs would also go against the school's debt capacity, but Boise State would receive the revenue from the units to offset the debt, said Stacy Pearson, Boise State's vice president for finance and administration.
The project will need State Board of Education approval and is expected to be bid through the state's Department of Public Works.
The housing will be 90 units of townhomes with a kitchen, living room and bedrooms, said Pearson.
Boise State has 2,200 student beds that are nearly full.
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