UGA officials move ahead with private dorm plan - | Chattanooga News, Weather & Sports

UGA officials move ahead with private dorm plan

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Associated Press

ATLANTA (AP) - Georgia university officials are moving ahead with a plan that could make the state the largest user of privatized college dorms.

Members of the Board of Regents chose a Rhode Island company to manage student housing at nine Georgia campuses. University officials say if this first phase goes well, it could work at campuses across the state.

Few details of the agreement were provided on Wednesday. University officials estimate the system will be paid $8 billion over 65 years.

Other universities have tried the approach, but only at single campuses. Chancellor Hank Huckaby says many other states will be watching Georgia.

Voters made the plan possible earlier this month by exempting private companies from local property taxes for student housing or parking facilities located on university-owned property.

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