A little publicity for my husband for the sale of this downtown Atlanta property that will soon be new student housing for Georgia State.
Ambling affiliate buys downtown site for student housing
Atlanta Business Chronicle by Douglas Sams, Commercial Real Estate Editor
Date: Wednesday, November 28, 2012, 1:42pm EST
An Ambling University Development Group affiliate will redevelop an abandoned downtown hotel into a new student housing project.
Ambling is planning the project in two phases, the first opening next summer after a renovation of the old 200-room Ramada Hotel into about 138 units and 291 beds. A new tower featuring about 108 student-housing units and 424 beds will open in summer 2014. A new parking garage will also open then.
The development would serve nearby Georgia State University, whose freshman enrollment this fall is expected to reach record levels and total enrollment should top 32,000 students.
Ambling’s affiliate recently closed on the $7.9 million purchase of the almost 1.5-acre site, just 100 yards from the future location of Georgia State University’s new business and law schools. John DeYonker, vice president of land and developer services at Bull Realty, represented the seller, Legacy Palms LLC, in the transaction.
An early rendering of the new Ambling student housing project in downtown Atlanta.
HOPE Scholarship could shrink even more in 2014 as lottery funds fail to meet demand
8:05 pm January 9, 2012, by Maureen Downey
Yikes. The AJC is reporting possible deeper cuts to HOPE starting with the fall semester in 2014. While HOPE once covered all tuition costs and some books and fees, it now covers 80 to 90 percent of tuition and no books and fees.
As I said in my first blogs about HOPE Lite last year: Start doubling up on those college savings as HOPE may eventually only cover the gas to Athens.
Earlier today, Tim Connell, president of the Georgia Student Finance Commission, gave legislators a grim outlook. To prevent further erosion of HOPE in 2014, Connell said the state would need an additional $107 million for the 2014 fiscal year.
According to the AJC:
The gap is expected to increase to $163 million by 2016, Connell told a joint economic development committee of the Legislature on Monday. Lottery revenue is projected to remain flat, and more students are expected to be entering colleges and be eligible for awards through HOPE.
Gov. Nathan Deal and lawmakers overhauled the popular scholarship last year, reducing payouts to prevent the program from running out of money. While Connell said those changes helped, the new rules include a provision over the use of reserves that would lead to a drop in the scholarship amount. The new rules require reserves to remain at a certain level, but the commission uses this money to supplement the funding provided by the Georgia Lottery. Reserves are large enough now that the commission can tap into that money to keep scholarship payments at the same level for the 2013 fiscal year. But starting in 2014, HOPE will have to rely just on lottery revenue, Connell said.
A drop in award payouts combined with expected increases in tuition and fees will result in students having a larger out-of-pocket expense for college.S While Georgia’s lottery is considered one of the most successful in the nation, it can’t keep up with soaring enrollment and tuition. More than 256,000 students received HOPE last year, while fewer than 200,000 received it a decade ago. “I’m not sure we can ever meet the demand doing what we’re doing currently,” said Margaret DeFrancisco, CEO of the Georgia Lottery.
–From Maureen Downey, for the AJC Get Schooled blog
GO DAWGS ! I’m not sure I’ll ever be able to say that without a small giggle to myself. Having attended a small private liberal arts college, I missed out on that big school pride and love of college football. At Rollins College, instead of cheering on my team, I took water skiing for P.E., went to class barefoot, and studied poolside. Being in Athens, GA this weekend for my son’s fraternity parents’ weekend, I got a huge dose of Bulldog love. Passing by a group of elderly tailgaters set up bright and early all decked out in red and black with the traditional homecoming mum on their lapel, my husband said, “They don’t look like they’re having that much fun.” To which I remarked, “they’ve probably been here every game day since they were students so it’s a tradition that must go on, love it or not.”
University of Georgia mascot, Uga
It was one of those beautiful fall weekends that was made for college football and its fans. Football fan or not, I couldn’t help but be caught up in the excitement and the pride the fans felt for their team, and feel the love for UGA. It’s even more amazing to think that this same love and pride was being felt on college campuses across the country. So, what really makes the best school? Possibly the courses offered, the beauty of the campus, the surrounding town, the professors, the parties, the athletic teams? I’m sure the answers are all very personal yet similar depending on the school you love. As much as I loved my own college experience, I know my son feels there’s no better place than UGA .
Homes throughout Metro Atlanta's Top School Districts