Georgia could become biggest test of private dorms
By KATHLEEN FOODY
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.
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