By Tuscon.com
The University of Arizona will undertake a $250 million project of building a new 19-story student dormitory on the northwest corner of Speedway and Campbell, working with a nonprofit organization that will finance, build and operate the dorm.
The new residence hall will provide modern space for more than 1,200 students, plus a dining hall and amenities, according to Arizona Board of Regents public documents.
The project’s direct construction cost is estimated at $145 million, and the total cost of development won’t exceed $250 million.
The UA will have no debt obligation.
