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TAMUG to partner with private group to build dorms - The Galveston County Daily News : Local News

July 25, 2014

TAMUG to partner with private group to build dorms

Posted: Sunday, March 16, 2014 12:45 am | Updated: 2:40 pm, Tue Mar 18, 2014.

GALVESTON — In line with a growing movement in higher education, Texas A&M University at Galveston is partnering with a private group to finance and build a 612-bed dormitory on Pelican Island.

Under terms of a public-private partnership, an affiliate of Alabama-based nonprofit Collegiate Housing Foundation will secure up to $55 million in tax-exempt Student Housing Revenue Bonds to build the facility and the university will manage it. Development firm Hunt Construction will build the facility. New Hope Cultural Education Facilities Finance Corp. is the issuer of the bonds.

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