Even Newer Northeastern Dorm Building

[castevens]

Citing tough economy, Northeastern shelves dorm plan

By Peter Schworm, Globe Staff

Northeastern University has shelved plans for a 600-student dormitory amid a severe crunch in credit markets, in the latest sign of the economic downturn's impact on college campuses.

A university spokesman said today the university has indefinitely postponed the St. Botolph Street project, originally slated to begin next summer.

"In the current economic climate, all institutions are re-evaluating upcoming capital projects," said Mike Armini, who said the project would be on hold "while we continue to assess the uncertainty in global financial markets."

The building had been scheduled to open in 2011 as part of Northeastern's push to house more of its students on campus. The university agreed to build additional dormitories as part of an agreement with neighbors and city officials in 2004.

Despite the credit crunch, Northeastern will be able to complete construction of a high-rise dormitory at Tremont and Ruggles streets in Roxbury by next summer, Armini said.

http://www.boston.com/news/local/breaking_news/2008/11/citing_tough_ec.html

 

[kennedy]

ouch. ford and chrysler go bankrupt...gm lives. then the us auto market comes back stronger than ever.

 

[cubalibre]

This project may be on hold but NU's need to provide more on campus housing will persist. As for Cullinane Hall: It is the original Northeastern building when it was part of the Y, but tearing it down will not be a loss. I spent the better part of three years there when it housed the CS department and was a pretty depressing site.