It would be one of the largest local development projects in the last five years. But UCF officials aren't betting the farm they will get all or even a good portion of the funds needed to carry through a master development plan crafted in 1995.

Still, the 30-year-old, 35,800-student institution could use future rents as collateral to finance the construction of new dormitories, parking garages and some research buildings, independent planners not associated with UCF tell GlobeSt.com.

University trustees are re-studying the master plan this week, knowing that the campus could grow to a student population of 48,000 within the next 10 years, based on a current average annual increase of 2,000 students. Only Ohio State University and the University of Texas at Austin have 48,000 students today.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.