Home to tens of thousands of students since opening in 2001, UTC's South Campus Housing remains the premier choice for on-campus residence life. The University of Chattanooga Foundation, owner of the 1,749-bed complex, recently completed a refinancing of the facility's debts.
By reducing the interest rates from 5.54 percent to 3.91 percent, the UC Foundation will have gross savings of $19.15 million over 20 years — a present value savings of $10.37 million. $3.5 million in bond purchases came from individual investors from the Chattanooga area, reaffirming the community's partnership with its university. Countless hours were contributed by UCF Board and committee members: Kim White, John Foy and Fred Decosimo. UTC is grateful for their service to the campus and the UC Foundation.