KentXie
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- May 25, 2006
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To clarify, the $400-$600 is an example going rate of what can be had at Mission Hill if you have a shared bedroom. I'm not calling for Northeastern to build dorms at that low rate. I'm calling for Northeastern to build more of their standard rate rooms which are coming in at around $1000/mo. That would eliminate a lot of students that have converted a 2 tenant 2 bdrm apartment into a 4 tenant 2 bdrm apartment all for the sake of saving money. A $1000/mo is a lot more easier to digest than $1500 or $2000/mo.If "cheaper" dorms are easier and faster to build, on the whole, than "luxury" ones. This assumes facts not in evidence.
"Cheaper" dorms might, perhaps, face somewhat less resistance from the community (although I'm doubtful). But "cheaper" dorms are certainly much more difficult to finance, develop, and bring to reality.
Your example of "$400-$600 per month" just isn't going to happen in new construction, full stop. Anything that's new is going to be expensive, just to cover construction costs, and it's going to meet community resistance. A bare-bones 1970s-style dorm would cost less than LightView, but it would still cost way more than "$400-$600," would still meet community resistance, and would be more difficult to get a developer to sign on to.
Like all things, that's what the university needs to figure out. The city have been asking developers to allocate a % of new apartments to be affordable. I don't see why Northeastern can't attach a block of barebone standard dorm on the lower floors with an enhanced style dorm and do the same thing, given their tax exemption status and their $1b endowment.