Texas A&M Regents Approve Deals with Developers

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COLLEGE STATION Texas A&M University System regents have approved ground leases to allow private developers access to school land.

The Eagle (http://bit.ly/15acUzg ) newspaper reported Sunday that the action frees up A&M officials to enter into ground leases with private companies.

Chairman Phil Adams says the regents discussed the items Saturday during a closed-door executive session. The negotiations, new to Texas A&M, would allow private companies to use their own capital to construct the projects.

State Rep. John Raney of Bryan this year authored a bill that gave regents the authority to sell or lease Texas A&M land. The measure cleared the way for such public-private partnerships.

One proposal would be a 4,000-bed West Campus Housing Project that would be built on 46 acres along University Drive.