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The Pa thway to Su ccess

The Pa thway to Su ccess. Partnering For Success – Initiative 6. Improve Student Housing. The Pathway to Success. Introduction & Purpose. The recently completed campus facilities master plan features student housing as an area of focus for the next 10 to 15 year period.

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The Pa thway to Su ccess

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  1. The Pathway to Success Partnering For Success – Initiative 6 Improve Student Housing

  2. The Pathway to Success Introduction & Purpose The recently completed campus facilities master plan features student housing as an area of focus for the next 10 to 15 year period. Student housing is antiquated and in need of major refurbishment. Today’s students are demanding more space, privacy, and amenities.

  3. The Pathway to Success Methods • Strategic goals for student housing include: • Number of available beds remain constant • All rooms will be air conditioned • Construction will conform to campus standards • Completed prior to 2018 • Have a positive impact on Downtown Terre Haute • Maintain affordability for students • Maintain a strong financial position • Improve housing for Greek organizations

  4. The Pathway to Success Benchmarks • Percentage of beds renovated or replaced increased from 28% to 60% • Maintain affordability in standard room and board rate increases to an average of 3% • Maintain strong financial position as measured by debt coverage ratio of at least 1.5%

  5. The Pathway to Success Discussion • Renovation of Erickson Hall summer 2012 • North in-fill housing construction summer 2012 • Construction of Downtown student housing summer 2012 • Lincoln Quad – Phase I renovation summer 2013 • Sycamore Towers currently under evaluation

  6. The Pathway to Success Summary • By Fall 2015 all existing residence halls, with the exception of Sycamore Towers, will renovated or replaced. • Student presence in Downtown Terre Haute will add vibrancy and increased need for retail services. • Renovation/Replacement of current housing facilities will assist in efforts to attract and retain traditional age students.

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