Georgia could become biggest test of private dorms - myfoxcarolinas.com

Georgia could become biggest test of private dorms

Posted: Updated:

By KATHLEEN FOODY
Associated Press

ATLANTA (AP) - Georgia is on course to become one of the nation's largest experiments in privatized college dorms, but it's unclear whether the changes will lower students' bills at a time when university costs are soaring.

The new arrangements would lease to private companies the future revenue streams from the dorms - essentially student rent. In exchange, companies would oversee maintenance, and also take on responsibility for any existing debt on leased properties.

The state's university system has been planning the changes since 2012.

In recent years, universities nationwide have begun turning to private developers to replace 1950s-era housing as states cut budgets and send less money to universities.

Student housing on nine campuses is included in the privatization plan backed by the Georgia system's governing body, the Board of Regents.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices