Jackson State seeks to buy apartment complex - WLOX.com - The News for South Mississippi

Jackson State seeks to buy apartment complex

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Associated Press

JACKSON, Miss. (AP) - Jackson State University wants to buy a 444-bed apartment complex adjoining its campus.

The College Board Thursday voted to move toward leasing the complex while keeping open options to buy it.

Michael Thomas, the university's vice president for business and finance, says Jackson State needs more housing to accommodate an increasing number of students wanting to live on campus.

Thomas says Wells Fargo & Co. owns the apartments and seeks to sell them.

Last year, the university began leasing a 240-bed motel near the Mississippi State Fairgrounds. Thomas says JSU will retain that motel this year, and is continuing with plans to build a new 628-bed housing complex, a 650-seat dining hall and a conference center. That complex was projected to cost $47.3 million when the College Board approved it.

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