DIXIE STATE
College of Utah
Public/Private Student Housing Project
40 Years: 700% Enrollment
Increase, No new housing
Dixie State College has a critical need for new
housing stock on the campus.
The existing student housing was built in 1962
and 1968 in traditional dormitory style sans
kitchens and living rooms.
Dixie’s enrollment in 1968 was 1,074.
With a student body of nearly 9,000 and
continued strong growth anticipated, the
current 250 beds on campus are woefully
inadequate.
Historically Dixie State has had a mix of about
2/3 Washington County students and 1/3
from outside the county.
Private Housing is Limited by
Available Space
During the 70’s, 80’s, and 90’s the
College encouraged private
developers to build new
apartment style housing near the
campus.
A total of 1,500 beds have been
built in off campus locations;
some as far as two miles from
campus.
Private housing developers
haven’t been building around the
campus in recent years because of
the lack of available land.
2005 Student Housing
Architectural Program
In 2005 Dixie State was authorized
by the Building Board to complete
an architectural program for new
housing.
The resulting plan called for a
phased 500 bed facility at a total
cost estimated at $23,629,280.
Dixie State lacked the bonding
capacity to accomplish a phase
one of this programmed housing
and the plan for new on campus
student housing was shelved.
Dixie Seeks a New Approach
to Student Housing
Rapid enrollment growth during the
past three years has prompted the
College to look at the housing options
through a new set of lenses.
A Student Housing Feasibility and
Market Analysis was conducted by
Brailsford & Dunleavy in 2009.
Their total cost estimates using
traditional bonding were between
$59,000 and $68,000 per bed.
These estimates again led Dixie State to
the conclusion that the conventional
bonding approach was out of reach for
the institution.
Dixie Studied Public/Private
Student Housing Options
Dixie State studied the
state and national private
student housing options.
Developers came to
campus to present options
for a public/private.
partnership
Best Solution to Address the
Student Housing Shortage
The public/private partnership will not
require state funding or student bonding.
The planned 314 bed three story facility
includes the latest in student housing
design:
• Layered security from the exterior
entrance to the bedrooms
• Study rooms
• Building wide Wi-Fi
• Recreation amenities
• Kitchens, living rooms, and options
for private bedrooms
Financial Summary
Construction
Furnishings
Amenities
Total Project Cost
$8,310,000
$477,630
$210,000
Shared Room Monthly Rate
Private Room Monthly Rate
Occupancy Rate:
Fall & Spring
Summer
Supplemental Rents
(Conferences & Camps)
Total Annual Income
Net Operating Income
Annual Payment @ 5.75%
Coverage Ratio
$290
$525
$8,997,630
95%
50%
$1,199,175
$734,059
$613,051
1.2
Public/Private
Partnership Concept
Dixie State will lease land for the student housing
development, adjacent to the current student
housing.
The Student Housing development will revert to
the College at the end of the lease.
Compliance with Policy
• Regents 712 (Nontraditional Arrangements for
Development of Facilities and Campuses)
•
•
•
Utah State Code
53B-20-103 (Powers of state board -- Capital facilities
projects -- Exceptions)
53B-21-108 (Financing project by contract or lease
agreement instead of by bond issue -- Authority of
board -- Term of lease -- Terms of agreement -- Board
covenants)
Lease Development Model
Dixie
State
College
Dixie State issues RFP
for Lessee/Owner to
finance and develop
student housing.
Financial
Operator
Lessee/Owner contracts
Group
with developer/contractor
to design, build, and
City of
operate student housing.
St.
George
&
St. George City and
Developer
Washington
Washington County offer
County
lease guarantee.
The Best Student Housing
Option For Dixie State
1.The most effective and efficient way
to meet Dixie’s critical housing
shortage.
2.Funded with outside capital - no
state bonding required.
3.No student fees required.
4.Dixie State College will be gifted the
housing property after the 30 year
lease.
Thank You!