Holy 17. It's way too much. I am completely over the complaints about tuition costs if all the universities feel like they need to spend this kind of money to attract these future debt ridden complainers
To give you an idea of how expensive that is, I was just reading earlier this week about a new multifamily project in Frisco TX. It's at a development that is built around the new PGA Headquarters and two new world class 18 hole courses that will host 26 various championships over the next 10 or so years, including 2 majors... Not exactly low rent real estate.
This multifamily project will has 325 units of 1-3 bedrooms, a 5 story parking garage, a separate building for fitness and recreation, and will be 573,000 square feet. Price tag $70 million.
The Links
Assuming a conservative occupancy of 2 people per unit, the Frisco Links project cost just under $100,000 per tenant. But it's an ultra premium location and development. The dumbåss dorm at Mississippi State would have a cost of $233,000 per student. Think about that... That's like you and a roommate buying a $460,000 house from a cost perspective. Instead you get a 17ing single person pod and a shower down the hall? What in the actual 17?
ETA here's another example... The Arizona State University Omni was just opened in Tempe. 16 Stories beauty with 330 rooms, rooftop pool 38,000 SF of meeting space, 4 restaurants, and several retail outlets. $125 million.
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330 rooms = 660 capacity with double occupancy equals $189,000 per bed. That's 20% cheaper than the 17ing DORM at Mississippi State.
17 the idiots at this University. Somebody is stealing money. $96 million for a 412 bed dorm? 17 you dumbåsses making these decisions.