Friday, January 13, 2017

Residence vacancy rates prove worrisome for University of Alberta - JURIS GRANEY, Edmonton Sun

Sadly, the post-secondary institution is coming out second best in the fight for renters. Currently, the university faces a $2.4-million deficit as its overall vacancy rate climbs close to nine per cent. That's about three per cent above what had been budgeted for. Those numbers are a big concern for Andrew Sharman, the university's vice-president of facilities and operations, who joined the university in September, long after the budget process had been put to bed. "The only way I can make up the $2.4-million deficit is to dive into the reserves, which I’d rather spend on maintenance," he said.

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