The Eastern Michigan University Board of Regents approved an average rate increase of 3 percent for University apartments for 2005-06 at its regular meeting June 21.
The average cost increase per apartment will amount to $18 per month.
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ON THE RISE: University apartment rates,
including at Brown-Munson (above), will increase
an average of 3 percent for 2005-06. The
increase was approved by the Board of Regents at
its regular meeting June 21. |
Rate increases for Pine Grove and Cornell Courts will go up 3.5 percent while Westview and Brown/Munson apartment rates will increase 2.5 percent.
That means that a furnished, one-bedroom apartment in Cornell Courts will increase from $600 to $620 per month. A furnished, one bedroom apartment in Westview will increase from $670 to $685 per month. A two-bedroom, furnished apartment in Cornell will increase from $660 to $685 per month. A two-bedroom, furnished apartment in Westview will increase from $730 to $750 per month.
The rate increase will allow University Apartments to meet its debt obligation; meet facility needs, maintain 81 percent apartment occupancy; and maintain current levels of service.
