As part of a Board of Regents’ program to reduce system-wide indebtedness for revenue bond funded projects, Georgia State University is participating in the first phase of a public-private partnership (P3). Under the agreement, the Corvias Corporation was chosen as the Board of Regents’ partner in retiring existing revenue bonds and developing new construction projects on several campuses. At Georgia State University, this means that debts associated with the construction of the Commons and Patton Hall have been assumed by our private partner, and that Corvias will be the developer of our next residence hall project.
Student residents of the Commons and Patton Hall will continue to reside on campus under the supervision of the housing department’s professional residence life staff. Programming and the enforcement of community standards will continue the same as at other campus residence halls. Security will remain under the jurisdiction of the campus police. Corvias will assume responsibility for custodial and maintenance operations in the two facilities, but must maintain university standards. Rental rates will not be allowed to exceed the level which would have been anticipated prior to the partnership. From a student perspective, the change will appear seamless.
The great boon to the institution for entering into the agreement is that it will enable the acceleration of new housing construction. The first project under the agreement is well under way at the corner of Piedmont and Dobbs, across from the Commons and adjacent to Centennial Hall. Site preparation has already begun. Demolition of the former Friends building and the Gourmet Services building is already complete. Opening in the fall of 2016, it will be the university’s newest residence hall with a capacity of 1,152 beds. The facility will also house the third, and largest, campus dining hall which will operate 24 hours daily.
The new facility will enable the university to keep pace with the growing demand for campus housing and will meet our longstanding goal of attaining and maintaining the capacity to house twenty percent of the student body. With the new residence hall, more than five thousand students will be able to live on campus. The growth of the residential population pays dividends in terms of increased student retention and greatly increases student utilization of a wide spectrum of student services.
For additional information, visit University Housing, located at 75 Piedmont Avenue, Suite 110 or call 404-413-1800.