By Nolan Miles
P3 Kentucky Staff Writer
Housing is a leading driver behind a student’s decision when choosing a 4-year home at a college or university. As a result, mixed-used housing has become a focus for financial investment from both university officials and private developers.
The idea of creating mixed-use housing spurs from the premise that convenient, attractive and comfortable housing is a major recruitment tool to prospective students. But it’s also an expensive recruitment tool that alumni dollars often can’t afford. The rise of public-private partnerships opens the door of opportunity to both parties looking to increase revenue while advancing infrastructure development on campuses across the United States.
Combining student housing, common spaces, classrooms, restaurants and retail spaces into one building encourages students to live on campus. The idea of “community-style living” increases students university investment, while saving the university time and money.
Click here to learn why universities are a hub for public-private partnership opportunities.