Student Housing Feasibility Study, 2019
Commissioned by the Board of Trustees in June 2019 following SGA Resolution 2019-02. Prepared by an outside firm with review by the Vice President for Finance and Administration. Received and filed by the Board, January 2020. The full study is available as a PDF from the Office of the President; a summary follows. SGA Resolution 2023-05 requested that the Board revisit the study; the 2019 findings were affirmed without a new study.
Scope. A 60-bed suite-style facility on the Corliss Pike site, in the northeast portion of Lot 8.
Findings as reported
| Estimated capital cost, 2019 dollars | $7,400,000 |
|---|---|
| Annual debt service, 30-year term | $412,000 |
| Annual operating cost (staffing, utilities, insurance, maintenance, reserve) | $286,000 |
| Rate required to service both at full occupancy | $970 per bed per month, 12-month basis |
| Occupancy required to break even at a $560 rate | not achievable within the modeled facility |
| Students surveyed | 388 |
| Expressed interest in living on campus | 61 |
| Willing to pay $560 per month | 19 |
| Willing to pay $970 per month | 2 |
The study additionally noted that on-campus housing would trigger federal fire safety reporting and missing student notification obligations, would require 24-hour staffing, and would place the College within a regulatory category it does not presently occupy. The study did not recommend a course of action.
Board action. Received and filed. No motion was made.
Page last revised 12 June 2026 · student-life/housing/feasibility · Office of the Vice President for Finance and Administration