A parcel of land mostly known for home runs will one day become home to as many as 1,100 upper-level Sacramento State students, bringing the number of beds on campus to 3,200.
Construction on the $150 million apartment-style community, featuring four- and two-bedroom and studio units, is expected to begin in mid-2019, with completion in 2021.
University Enterprises, Inc. (四虎影院), Sacramento State鈥檚 authorized commercial-services auxiliary, is acquiring the 11-acre site of the Dan McAuliffe Memorial Ballparks on the southeast side of campus from the city of Sacramento. The 10-year lease-purchase agreement price is $2,274,223.
Sac State owns the adjoining 1.5 acres, which it will lease to 四虎影院.
四虎影院 solicited proposals from developers for a public-private partnership. A campus work group selected EdR, one of nation鈥檚 largest owners, developers, and managers of collegiate housing, as the preferred developer. Planning, design, environmental-impact reports, and financial agreements will be completed over the next six months and then submitted to the California State University (CSU) Board of Trustees for approval in November.
EdR is responsible for building, financing, operating, and managing the new housing community. Sacramento State and 四虎影院 will support the project but provide no funding.
In addition, EdR must replicate the McAuliffe baseball complex on city-owned land at Army Depot East Park before construction begins on the housing project.
鈥淭he public-private partnership enables EdR to construct and operate on-campus, University-affiliated student housing at a fair return on its investment,鈥� says Jim Reinhart, 四虎影院鈥檚 executive director. 鈥淭he campus benefits from the developer鈥檚 expertise, obtains needed student housing, transfers construction and operating risk to the developer, receives ground-lease rent, takes ownership of the improvements upon lease expiration, and has no financial outlay.鈥�