FOR RELEASE: Immediate, Thursday, May 5, 2005

City College Breaks Ground on New Dorm

Dormitory Authority Finances CCNY�s First Residence Hall on Campus

NEW YORK � A groundbreaking ceremony was held today for the first residence hall on the City College of New York (CCNY) campus in its 158-year history.

The 600-bed dormitory, on the southeast corner at St. Nicholas Terrace and West 130th Street, is scheduled for occupancy for the fall 2006 semester.

The site is owned by the Dormitory Authority and is being leased to Educational Housing Services Inc. (EHS), a not-for-profit organization that provides privatized student housing throughout New York City. City College has selected Capstone Development Corp., based in Birmingham, Ala., to develop the facility.

To finance construction, EHS borrowed $69 million of 30-year bonds through the Dormitory Authority, to be repaid through the residence hall�s rental income. Once the bonds have been repaid, the facility will be transferred to CUNY.

�Historically, City College has been � and will remain � primarily a commuter school,� said CCNY President Dr. Gregory H. Williams. �However, some of our students want to live closer to campus because they spend long hours working in laboratories or design studios. Making housing available on campus gives them an affordable alternative to late-night subway rides back to the outer boroughs.�

�Because of its programs in science, engineering, architecture and biomedical education, CCNY occupies a unique position within our system,� explained CUNY Chancellor Dr. Matthew Goldstein. �Having a residence hall on campus makes CCNY more attractive to students interested in these fields. In addition, the students who come as a result are more likely to live in New York after graduation and contribute their talents toward building an even greater city.�

The residence hall will have 164 furnished, air-conditioned apartments in four configurations: studio, one-bedroom, two-bedroom and four-bedroom. All units will have kitchen facilities. Many units will include separate living room and dining areas. Five apartments will be made available to college faculty.

Amenities include: student lounge space, coffee vendor station, vending machine area, multipurpose/classroom space, conference room, fitness center, central laundry room and a community kitchen facility.

CCNY is the oldest college in the City University of New York (CUNY) system. During the 1940s and 1950s, City College had a dormitory in the former Hebrew Orphan Asylum building that closed in 1955. Hunter College, the only other CUNY college that provides student housing, has a residence hall on East 25th Street in Manhattan.

For more information, contact Press Officer Claudia Hutton at (518) 257 3382, or CHutton@dasny.org or City College of New York at http://www2.ccny.cuny.edu/

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