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Board authorizes intent to lease for 900-bed student housing project, citing timeline and financing rationale

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Summary

The Board authorized an intent-to-lease agreement with the LSU Real Estate and Facilities Foundation to pursue roughly 900 new first-year beds using a public-private partnership model, with a target construction start in October and opening in fall 2027.

The LSU Board of Supervisors authorized university leaders to proceed with an intent-to-lease agreement to develop about 900 new student beds on campus through a public–private partnership, with planning documents and final agreements to return to the board for approval.

What was approved: The board agreed to authorize staff to enter an intent-to-lease with the LSU Real Estate and Facilities Foundation to study and develop a 900-bed residence-hall project intended primarily for first-year students. University presenters said the project would be delivered using the same public–private partnership (PPP) model used for prior phases of student housing and would not require new state operating dollars.

Details, timeline and rationale

Patrick Martin, assistant vice president for real estate and public partnerships, and Peter Trinitost, executive director of residential life, presented the plan and…

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