Wells Fargo Provides Financing for SDSU Project
By: Leon Castles
on Tuesday, April 10, 2012
In a recent announcement by Wells Fargo and Company it was said that the company has provided $26 million in financing to Village Lindo Paseo that will plan the student housing complex at the San Diego State University. The company said that they have already provided the funds that are required to build the student housing complex at the San Diego State University. Sharing more information, Wells Fargo said that the complex will be constructed by local company Village Lindo Paseo LP and the project will be completed by 2013. The company said that this construction work will provide construction jobs to more than 500 workers and thereafter there will be 20 permanent positions that will be provided to the right candidates.
The company said that the complex will get onsite electricity directly through solar roof panels and fuel cell technology. This means that the entire project is green and will provide better benefits to the students that come to study at the San Diego State University. The company said that using the solar and fuel cell technology they will be able to save around $26,000 annually on electricity. The company also revealed that it will have 287 houses where 384 students can stay. There are 97 double occupancy suites with shared bathrooms and 190 single and private suites.