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Why does it take $200 million to build a dorm building? I know it's in Santa Barbara, but even still - that seems like an excessive amount of money.
by cushychicken 5y ago
Why does it take $200 million to build a dorm building?
I know it's in Santa Barbara, but even still - that seems like an excessive amount of money.
- bondarchuk 5y agoNo, it takes 1.5 billion, of which this guy furnishes 0.2. https://www.independent.com/2021/10/28/architect-resigns-in-protest-over-ucsb-mega-dorm/ https://www.independent.com/2021/10/28/architect-resigns-in-... Housing 4500k students it is about 333k per student. Which does seem incredibly expensive given the tiny and low-quality space per student, but I have no idea about building costs in general.
- 542458 5y agoPart of the shtick here is that the common spaces are large and of very high quality (for dorm rooms). The sticker price may also include land purchase, and almost certainly includes furnishings. The last thing to note is that all construction is very expensive right now due to materials shortages.