Purdue University trustees have approved building a third luxury dorm tower even through the school has vacancies in the
existing towers for the coming semester.
The board on Friday approved a $20.6 million construction contact for the First Street Towers project. University officials say the bid from Hagerman Inc. of Fort Wayne was $5 million less than expected.
The new tower will include 174 rooms with single air-conditioned rooms with private baths like the towers that opened last year. The room-and-board fee of about $14,900 is about $5,000 more than Purdue's next most-expensive housing plan.
Purdue Treasurer Al Diaz said that despite about 40 vacancies in the current towers, he believed the construction project should go forward because the tower could not be built at this price in the future.