This is an incredible step forward for the University. We have saved and are now ready to embark on several projects that will transform campus while the other state schools are going to be cash-strapped to say the least. Of course, this doesn't mean our academic programs won't be hurt by Louisiana's budget woes, but these facilities look first-rate and will certainly attract students. This, of course, is the biggest boon to the University. Hopefully, these projects will help transform UL from what many regard as a commuter school to a vibrant community with thousands and thousands of students living on campus. This will have a major effect on the University in that students living on campus will be more connected to the school and more likely to, ahem, support athletics. They will also have more access, or at least easier access, to academic facilities and services, which will enhance their educational experience.
I wonder if it will also spur a building boom for off campus housing. Certainly, off campus housing providers have had it relatively easy competing with our "dorms like dungeons," as the Princeton Review has rated us. It would be nice to see some of the areas around campus transformed as well as on campus housing. UL's central location within Lafayette makes it harder for us to have off-campus options like those around LSU (nice housing compexes, shopping centers and restaurants that cater exclusively to the University community), but I've always envisioned the McKinley Street Strip area redeveloped. It's a trashy area, despite the wild nights we may have all had there. I think more urban style housing options with stores, cafes, and bars intermixed would be a hit. Moreover, it is steps from campus. I think the old Lafayette Motors would be a great place to start.