LSU board approves plan for 900 new student housing beds to meet demand

The LSU Board of Supervisors convened on February 21, 2025, to discuss significant developments in student housing and the university's ongoing growth initiatives. A key focus of the meeting was the successful completion of three phases of construction that added 3,100 new beds to the campus over the past decade, funded by nearly $400 million in tax-exempt bond financing. All projects were completed on or ahead of schedule and under budget, thanks to partnerships with Rise Real Estate Company.

During the meeting, concerns were raised regarding the financial arrangements of public-private partnerships (PPPs) for student housing. Board members questioned the benefits received by LSU from these partnerships, particularly in the first phase of the Nicholson Gateway project, which had allocated $2 million in annual rental payments to the LSU Foundation. However, it was clarified that subsequent phases would not include such payments, with all revenue from phases two and three going directly to the university's budget.

The board also discussed the urgent need for additional housing to accommodate a growing number of first-year students. The university's housing team successfully housed all students needing beds last year, but future projections indicate a continued demand for new housing. The proposed strategy includes entering a lease for 900 new beds, with construction expected to begin in October 2025.

In addition to housing developments, the board approved a $5 million campaign for a new welcome and educational facility at the Bridal Museum and Gardens, which will be constructed by the LSU Foundation and donated back to the university upon completion.

The meeting concluded with a strong emphasis on the importance of student housing as a recruitment tool, particularly in competing with other Southeastern Conference schools. The board expressed confidence in the university's strategic approach to housing and its commitment to providing quality living conditions for students.