Nov 5, 2013 - By Katie Roenigk, Staff WriterEach unit would include four beds and a kitchen and living area, and a resident assistant would be stationed at the property.
Central Wyoming College administrators may have found a financially feasible housing option for students at the school's Jackson campus.
The effort has been problematic due to restrictions on rental rates in Jackson: The Teton County Housing Authority initially said the school could only charge $582 per month for rooms in Jackson.
"We could not make the numbers work," CWC president Jo Anne McFarland said in October. "Our (rentals) must be self-supporting without any general fund revenue subsidies."
Subsequent meetings with Jackson officials have proved promising, however. McFarland said she anticipates bringing a new housing proposal to the CWC Board of Trustees this month.
"We're very hopeful that we'll be able to come back to you (in November) with the means by which the college can afford to bring forth some high-quality, affordable housing for our students in Jackson," she said.
Board members in November would consider leasing a 24- to 32-bed facility being constructed on Powderhorn Lane behind the Kmart store in Jackson. McFarland said the property is scenic and conveniently located near a bus stop.
"So I think it'd be very, very workable," she said.
Each unit would include four beds and a kitchen and living area, she continued, and a resident assistant would be stationed at the property. Administrators are
working on a five-year lease for the building.
McFarland pointed out that many students currently pay about $650 per month to stay at a Jackson-area hotel.
"We want to get at least in that range (to) guarantee those revenues," McFarland said. "The new apartments would be, arguably, worth quite a bit more than that."
McFarland said CWC would be required to guarantee occupancy of the rooms for 12 months out of the year. She said the challenge could be met through summer programming in Jackson.
"And we've also been told that housing is so much in demand in the summer (that) we could hire a property manager and ... rent it very easily," McFarland said.
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