Post by Sly Fox on Sept 18, 2005 7:38:02 GMT -5
LU to build new dorms
Ron Brown
rbrown@newsadvance.com
September 18, 2005
Liberty University is planning to build five new dormitories before next school year to keep pace with the university’s surging enrollment.
The new dorms, which will house 84 students each, will be constructed on the school’s east campus, which is on the opposite side of U.S. 460 from the school’s primary buildings.
A tunneled walkway allows students to walk under the highway to attend classes.
Jerry Falwell Jr., LU’s vice chancellor, said five different groups have expressed interest in building the new dorms.
LU would lease the buildings from the developers and reserve the right to buy them in several years, Falwell said.
The arrangement would be similar to a deal LU had with Bostic Development at Lynchburg, a firm that ended up in bankruptcy and unsuccessfully sued the university.
Last month, a federal judge said the court lacked jurisdiction in a dispute between LU and Bostic Development at Lynchburg, a North Carolina firm.
Bostic Development was seeking $250,000 in damages from the school.
The company alleged that LU’s refusal to pay $600,000 to a contractor for work it ordered prompted a series of mechanic liens against the properties.
The liens were valued at more than $1 million.
Creditors from student housing projects in Tennessee forced Bostic Construction, the contractor, into bankruptcy. Earlier this year, the firm’s debt was in excess of $87 million.
The firm owed money to more than 50 creditors, including banks.
Bostic Construction is a separate firm from Bostic Development.
LU alleged that Bostic Development, as a landlord, was responsible for about $1.3 million in damages resulting from the late and incomplete delivery of the buildings.
LU enrolled 8,700 residential students this fall. About 9,600 different students will attend classes on campus this year, school officials said.
Ron Brown
rbrown@newsadvance.com
September 18, 2005
Liberty University is planning to build five new dormitories before next school year to keep pace with the university’s surging enrollment.
The new dorms, which will house 84 students each, will be constructed on the school’s east campus, which is on the opposite side of U.S. 460 from the school’s primary buildings.
A tunneled walkway allows students to walk under the highway to attend classes.
Jerry Falwell Jr., LU’s vice chancellor, said five different groups have expressed interest in building the new dorms.
LU would lease the buildings from the developers and reserve the right to buy them in several years, Falwell said.
The arrangement would be similar to a deal LU had with Bostic Development at Lynchburg, a firm that ended up in bankruptcy and unsuccessfully sued the university.
Last month, a federal judge said the court lacked jurisdiction in a dispute between LU and Bostic Development at Lynchburg, a North Carolina firm.
Bostic Development was seeking $250,000 in damages from the school.
The company alleged that LU’s refusal to pay $600,000 to a contractor for work it ordered prompted a series of mechanic liens against the properties.
The liens were valued at more than $1 million.
Creditors from student housing projects in Tennessee forced Bostic Construction, the contractor, into bankruptcy. Earlier this year, the firm’s debt was in excess of $87 million.
The firm owed money to more than 50 creditors, including banks.
Bostic Construction is a separate firm from Bostic Development.
LU alleged that Bostic Development, as a landlord, was responsible for about $1.3 million in damages resulting from the late and incomplete delivery of the buildings.
LU enrolled 8,700 residential students this fall. About 9,600 different students will attend classes on campus this year, school officials said.
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) will get more parking.
