Quote:
Originally Posted by Pemgin
Yeah, but so is Piedmont Central. I guess he meant everything but private development. Just seemed confusing.
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Yes Piedmont Central involves a private developer, but there are a number of key differences.
Piedmont Central is a PPP. The university is a partner in the facility. Likely owns it with the developer having rights to income over a number of years. Essentially this is a financing mechanism to get the dorm out of the ground. For those at GSU this will be "on campus" housing. I'd imagine room and board would be collected with tuition through the university.
The new tower proposed has no relationship to the university. A private developer is speculating on the demand in off-campus housing geared towards students. The university has no control on how much of this private activity occurs except for the implications of its policies on campus housing, costs, requirements, etc.. They can drive and limit demand but they can't control supply.