BACKGROUND: The University solicited proposals for Student Housing Operations and Development for a Public Private Partnership (P3) to purse a plan to manage the University's student residence and further develop plans for new student housing.

SUMMARY OF PROGRAMS/ACTIVITIES: The project was awarded to CRM Companies pending approval of the Board of Regents. CRM Companies, as a next step, will provide the University with several options of mixed dormitory plans, including suites, single rooms, etc., and work with KSU to finalize location options on campus.

The outcome of the project will provide the right balance of student residency and provide a balance between student housing cost and competitive housing for the University's benefit. The CRM Companies proposal will include scenarios for financial structure and budget to support the effort for additional student housing on campus.

A (P3) for student housing will eliminate developer and construction risk and obtain allow the University to obtain ownership of the dormitory at the conclusion of the lease period. This model will also reduce the impact on the University's balance sheet.

Goal 1: Enhance Student Enrollment, Improve Student Life and Engagement, and Improve Student Advising and Career Development.

Goal 2: Achieve Academic Excellence Across all Programs and Colleges, Increase Student General Education Skills, Degree Persistence, Career Readiness and Graduation Rates.

Goal 3: Increase the University's Financial Strength and Operational Efficiency.