Florida Atlantic University could get both bigger and smaller as a way to fill a $30 million budget hole.

To help encourage growth, the FAU Board of Trustees on Thursday approved construction of a 614-bed residence hall, scheduled to open in the fall 2013. FAU plans to issue a bond to pay for the $41.7 million project and repay the loan with student rent.

“We know these kind of facilities are very important to incoming freshmen and helps with student retention,” President Mary Jane Saunders said on Thursday, at a meeting with the trustees in Davie.

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Florida Atlantic University could get both bigger and smaller as a way to fill a $30 million budget hole.

To help encourage growth, the FAU Board of Trustees on Thursday approved construction of a 614-bed residence hall, scheduled to open in the fall 2013. FAU plans to issue a bond to pay for the $41.7 million project and repay the loan with student rent.

“We know these kind of facilities are very important to incoming freshmen and helps with student retention,” President Mary Jane Saunders said on Thursday, at a meeting with the trustees in Davie.

Full Story