COLLEGE STATION (September 8, 2013)--Texas A&M University System regents have approved ground leases to allow developers access to school land in a move that frees up A&M officials to enter into the leases with private companies.
Chairman Phil Adams said regents discussed the items Saturday during a closed-door executive session.
The negotiations, new to Texas A&M, would allow private companies to use their own capital to construct the projects.
State Rep. John Raney, R-Bryan, authored a bill this year that gave regents the authority to sell or lease Texas A&M land.
The measure cleared the way for such public-private partnerships.
One proposal involves a 4,000-bed West Campus Housing Project that would be built on 46 acres along University Drive in College Station.