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June 21 , 2005
CONTACT: Ward Mullens

734.487.4400
ward.mullens@emich.edu

Regents okay apartment rate increase for 2005-06

YPSILANTI - 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 today, June 21.

The average cost increase per apartment will amount to $18 per month.

Rate increases for Pine Grove and Cornell Courts will go up 3.5 percent while Westview and Munson/Brown 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.

Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their careers and lives, and to be better citizens.

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Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.

Editor's Note: Looking for an expert source for a story? Check out EMU's Eastern Experts online at www.emich.edu/univcomm/easternexperts.


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