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Eye On Boise

BSU looks to alternative financing for dorms

Boise State needs more dorms, and with the state of the state budget, it's not looking there. Instead, BSU has come to lawmakers for authorization to do a public-private lease-back deal. Here's a report from the AP on the bill, HB 596:

BOISE, Idaho (AP) — Boise State University wants a private company to finance and build a $50 million, 900-bed dormitory because officials say they're turning away hundreds of students annually due to limited housing. BSU leaders went to the House Revenue and Taxation Committee Friday to ask for changes in Idaho's tax laws to allow such deals. The panel approved the plan, so it's now up for a House vote. Currently, Idaho's largest public university has just 2,400 on-campus beds. Kevin Satterlee, BSU's lawyer, says that's not enough to accommodate the freshman class alone. A tight budget means BSU won't be getting an state money for the project, so it wants to have a Texas-based firm build the dormitory. BSU would own the dorm and lease it to the company, which would run it as a business to recoup its investment.



Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.