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re: LSU spending 215 million to build new dorm to house 1,200 students
Posted on 6/29/25 at 3:28 pm to member12
Posted on 6/29/25 at 3:28 pm to member12
It's high, but there is much more to this project than beds.
A residence hall alone would probably run around $120k per bed.
This is most likely a 50 year ground lease at which time full ownership and operation reverts to LSU. It'll be net positive in under 10 years unless another Covid happens or enrollment totally tanks. But even if enrollment tanks they'll put students here over older paid off dorms.
A residence hall alone would probably run around $120k per bed.
This is most likely a 50 year ground lease at which time full ownership and operation reverts to LSU. It'll be net positive in under 10 years unless another Covid happens or enrollment totally tanks. But even if enrollment tanks they'll put students here over older paid off dorms.
1
Posted on 6/29/25 at 3:31 pm to LSUBoo
quote:
unless another Covid happens or enrollment totally tanks.
More likely that we see a hurricane hit the coast and the demand for beds on campus climbs even higher. I keep wondering why they are building so many apartments and dorms on and around campus. But the enrollment numbers explain it.
One red flag I see is that they are removing about 800 commuter spaces but only replacing them with about 350 new ones. Is LSU planning on some parking decks that I don’t know about? Or is the new arena going to incorporate some of that in the design?
Posted on 6/29/25 at 3:42 pm to PSS101
I would rather LSU buy up the surrounding ghetto around campus
Posted on 6/29/25 at 3:45 pm to member12
Good question about parking... we keep putting buildings on parking lots here with no good plans to replace it.
Parking decks cost way too much to return the investment on commuter parking rates.
Parking decks cost way too much to return the investment on commuter parking rates.
Posted on 6/29/25 at 3:49 pm to LSUBoo
quote:
Good question about parking... we keep putting buildings on parking lots here with no good plans to replace it.
Parking decks cost way too much to return the investment on commuter parking rates.
What do they charge for parking these days? I’m sure it’s crazy high by now.
The decks reduce the amount of surface parking they need. They probably should build one somewhere.
Posted on 6/29/25 at 4:52 pm to LSUBoo
Dorm room for 1200 would assume to have 2 people for one room? So if so it would be 215 million for 600 houses? Which equates to just over 358,000$ per 2 bedroom house.
Posted on 6/29/25 at 4:53 pm to JumpingJack
quote:
358,000$
Did some of you not go to school?
Posted on 6/29/25 at 4:58 pm to Mingo Was His NameO
quote:how many students per dorm house then? 215 million for 1200 students is almost 180k per student. Did you not math?
Did some of you not go to school?
Posted on 6/29/25 at 5:04 pm to PSS101
This is good news for LSU. It’s cheap comparatively to private universities.
Posted on 6/29/25 at 5:06 pm to JumpingJack
quote:
how many students per dorm house then? 215 million for 1200 students is almost 180k per student. Did you not math?
Back when I was in college dorms weren’t single use but who knows.
And the “$” goes before the numbers.
Posted on 6/29/25 at 5:06 pm to PSS101
And 75% of these accepted students will NOT get a job in their majored fields. But, hey let’s celebrate debt and poor choices.
This post was edited on 7/1/25 at 6:38 pm
Posted on 6/29/25 at 5:08 pm to PSS101
I wish I would have actually did lsu for four years instead of dropping out. I kick myself for not doing the experience of those four years. Granted, i did pretty well financially becoming self made during tech booms but man i wish i could go back. Shout out to rotolos ‘95!!
Posted on 6/29/25 at 6:05 pm to GeauxTigersGo
quote:
I love people who confidently spout facts I line that are straight up wrong and can be found online in .5 seconds. ??
Then you are gonna love the Poli Board...
Posted on 6/29/25 at 6:09 pm to dewster
quote:
Honestly 30k+ on the Baton Rouge campus is a tight fit, and they are far beyond that
LSU paid local kids this year to live at home to help with dorm capacity issues.
Posted on 6/29/25 at 6:21 pm to PSS101
180K / student; I know the students pay for most of it intent, but damn. Hope they last 50 years plus.
Posted on 6/29/25 at 6:23 pm to Geauxld Finger
quote:
Currently there is 0 available student housing right now
El Cid shakes its head
Posted on 6/29/25 at 6:54 pm to Play_Neck
It’s not going to be 1 kid. If average LSU housing (my guess it would be higher since it is newer, but let’s start there) is around 10k per year.
It would take about 20 years to cover the costs of just building it. As others have mentioned, the price tag includes other things, so those will likely generate some revenue but there will still be costs for electricity, water/sewage, food and materials as well as maintenance.
It’s an investment for sure and likely takes 20 years to break even. The problem is that they are not building many more classrooms with the nearly doubling of the student population from when I went to LSU.
In the end, they have to build more dorms or buy more surrounding housing to cover the needs for requiring first year students to live in campus.
All that said, it will not generate money (i.e. be paid off and making profit) until at least two decades. That’s how these buildings work unless they get someone to pay naming rights like with some of the other stuff.
Perhaps the “Get Gordon Gardens”
It would take about 20 years to cover the costs of just building it. As others have mentioned, the price tag includes other things, so those will likely generate some revenue but there will still be costs for electricity, water/sewage, food and materials as well as maintenance.
It’s an investment for sure and likely takes 20 years to break even. The problem is that they are not building many more classrooms with the nearly doubling of the student population from when I went to LSU.
In the end, they have to build more dorms or buy more surrounding housing to cover the needs for requiring first year students to live in campus.
All that said, it will not generate money (i.e. be paid off and making profit) until at least two decades. That’s how these buildings work unless they get someone to pay naming rights like with some of the other stuff.
Perhaps the “Get Gordon Gardens”
Posted on 6/29/25 at 7:07 pm to Geauxgurt
quote:
Even in teaching focused faculty, they increase the class sizes significantly, provide no increased compensation or support. It’s quite amazing how these schools think these models will be effective more than in the short term to make a bit of money.
And then students complain about how long it takes those faculty members to grade their papers in the bigger classes, turnover amongst their academic advisors, and lack of responsiveness amongst various offices on campus (presumably because of lack of manpower).
Yet the school's solution seems to be to do anything but improve the lives of the faculty and staff who work tirelessly to keep the university functioning.
Posted on 6/29/25 at 7:34 pm to Geauxgurt
quote:why do you keep doubling down on stupid? You have no idea what you are talking about and it’s hilarious how confident you are in your wrongness
All that said, it will not generate money (i.e. be paid off and making profit) until at least two decades. That’s how these buildings work
Posted on 6/29/25 at 8:11 pm to PSS101
quote:
LSU, Ole Miss and Alabama have exploded with record enrollment, many from out of state
Many Texas kids end up at these schools for a few reasons.
1. A&M is A&M. No explanation needed.
2. Austin is too liberal and too much of a big city feel.
3. They want that traditional SEC experience. Sorry horns and aggies. Yall might wear the SEC patch but yall still aren’t traditional SEC schools. UT and A&M have little to nothing in common with LSU, Bama or Ole Miss. it’s a completely different culture.
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