The state Board of Regents will hear a report on the University of Iowa’s plan to replace the Hawkeye Court apartment housing.

The Hawkeye Court structure contains 427 one- and two-bedroom apartments.

The Hawkeye Court report follows a report in 2011 stating the apartments would require a large capital outlay to maintain the short-term future of the apartments.  The UI explored three options for the apartments. The university would either finance, construct, and operate the apartments using standard practices, enter a private partnership with a private construction, or discontinue family housing.

The university is looking to enter a partnership that would allow the university to lease land to a private entity that would plan, construct, and manage the apartments with little financial risk to the UI.

The UI has solicited Iowa firms interested in the project, and the university is in negotiations with Balfour Beatty Campus Solutions LLC of Dallas to construct and operate 440 beds in 242 apartments to replace Hawkeye Courts, while 330 additional beds would replace Hawkeye Drive apartments.