Mon
Feb 28 2022
06:00 pm
Along with the new dorms, UT made a proposal to expand its campus boundary into the South Waterfront, saying it's looking to acquire property in the area west of West Blount Avenue and Scottish Pike near Fort Dickerson Park.
UT to build 2 new dorms; seeks to expand campus into South Knoxville waterfront
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Riverfront
Oh my, just when River Towne has trended towards older residents - here comes another student invasion. Only Urbanists will be deluded into thinking these kids won't drive. Can you say gridlock at the one lane RR underpass.
Consider the scale of residential expansion mentioned in this article and the News Sentinel. How is there so much demand for on campus housing with all the off campus developments?
This is a side effect of real estate investors descending on Knoxville. Both at the macro scale buying apartment complexes and at the micro scale with the wholesaler/flipper industrial complex(cult). This is the cause of 30% rent hikes that could make on campus housing more attractive.
And who winds up paying? Renters, of course but taxpayers as well. State tax payers pay for these dorms and city tax payers will be asked to pay for more affordable housing developments. Do these developments even address the needs for middle income renters? - a need that was met in the private sector before rents skyrocketed.
+1Seems like investors like
(in reply to Up Goose Creek)
+1
Also, seems like investors like student housing because 3x to 4x rent per square foot for substandard fit and finish paid for by rich parents.
We aren't all rich.
(in reply to R. Neal)
Some of us had to send our kids to the Fort.
UCB
Berkeley was forced to cut admissions because the number of students was overtaking the nearby neighborhoods and the neighbors sued.
University Rapid Transit System
Maybe the walkway bridge across river could have a Personal Rapid Transit lane.
West Virgina University Personal Rapid Transit
WVU Morgantown Personal Rapid Transit
Pod Cars of the Past and Future: The Morgantown PRT