Purdue board OKs building 3rd luxury dorm tower

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Purdue University trustees have approved building a third luxury dorm tower even through the school has vacancies in the
existing towers for the coming semester.

The board on Friday approved a $20.6 million construction contact for the First Street Towers project. University officials
say the bid from Hagerman Inc. of Fort Wayne was $5 million less than expected.

The new tower will include 174 rooms with single air-conditioned rooms with private baths like the towers that opened last
year. The room-and-board fee of about $14,900 is about $5,000 more than Purdue's next most-expensive housing plan.

Purdue Treasurer Al Diaz said that despite about 40 vacancies in the current towers, he believed the construction project
should go forward because the tower could not be built at this price in the future.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In