(Riverton, Wyo.) – Central Wyoming College is working on a deal with Jackson Hole Mountain Resort to provide year-round housing for students attending Jackson Outreach Center.
“It all comes down to numbers,” CWC President Jo Anne McFarland told the Board of Trustees during Tuesday night’s meeting.
She said going into a meeting with the resort last week the college “didn’t feel all that hopeful that we could make all the numbers work.” However, after the meeting and making some concessions, “We are very hopeful,” McFarland said.
McFarland said one main portion of the negotiations has been to give CWC an out clause in the proposed five year lease. She said that such clauses are common for public entities to include.
In order to “make the numbers work,” McFarland said they’re trying to keep rental rates for students in the $650/month range. Another concern being considered are the chance of not being able to fill the beds with students during the summer.
She noted that staff hopes to have a proposal to bring to the board in November, but she said if the housing arrangement was not self-sustaining they would not bring it forward for approval.
If the agreement is approved, construction on the new housing would begin next week.
Based on a housing survey, McFarland told Trustee Scott Phister that they believe there is substantial interest to be able to fill 24-32 beds. Primarily they would be used by students enrolled in nursing or hospitality management.
Additionally the Trustees approved a final maximum price for housing improvements at the Sinks Canyon Center. The guaranteed maximum price from SDI for the work is $803,973. This is below the previously approved $900,000.