University of Oklahoma Sued Over Struggling Dorm Project
- Non-profit owner says university broke promise to pay rent
- Provident Oklahoma seeks more than $250 million in damages
Cross Village at The University of Oklahoma.
Photographer: Jordan Miller/The OU Daily
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The owners of a struggling luxury dorm at the University of Oklahoma sued the college Monday for allegedly breaking a commitment to rent retail and parking spaces at a 1,230-bed complex at its flagship campus.
Provident Oklahoma Education Resources Inc., a non-profit that financed the $250 million project with municipal bonds, sued the university in state court, saying that if it had known the school would break its promise it never would have built the dorm, which includes a theater, a hair salon and a fitness center. Baton Rouge, Louisiana-based Provident is seeking more than $250 million in damages.