Boise State University announces new on campus housing

BOISE, Idaho (CBS2) — Boise State University is addressing its shortage of on-campus housing for students. The university announced a new 450 residence hall will be built next to the Albertsons Library on campus.

The college says that while this will not address the community-wide shortage, it will give first-year students more housing options on campus. The new project will have three wings, two with six stories and another with five floors.

"We are always seeking to meet the needs of our students, and we know from research that first-year students achieve greater success when they can benefit from the opportunities that living on a vibrant university campus provides," says Boise State President Marlene Tromp.

The new housing project is expected to cost $58.5 million and will be funded by institutional reserves and bond debt of $43 million. According to the university, the debt will be repaid with rental income from the residence hall.

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