University of South Carolina OKs $460 million student housing project
University of South Carolina trustees Friday signed off on a $460 million plan to transform the dilapidated south side of USCs downtown Columbia campus into a 3,750-bed Campus Village student housing complex.
The public-private partnership with Memphis-based developer EdR ensures USC will not pay a dime to build or operate the villages eight quad-styled residence halls, the school said Friday. The university also will not be liable for any debt.
Plans call for EdR to tear down four 1970s-era dorms with 1,211 beds including Bates House and Bates West and replace them with cast-stone or brick buildings of up to six stories.
The 18-acre site bordered by Pickens, Heyward and Sumter streets also would have a 945-space parking garage, several courtyards, retail shops, a cafeteria and restaurants.
Read more here: http://www.thestate.com/news/local/education/article168045257.html