The state paid for two-thirds of the building cost and the city the rest.
The building cost almost $6.5 million, $150,000 less than expected.
The idea was to increase competition and reduce building costs.
The total cost of the school is to be more than $12 million a year, including building costs, university officials said.
He said a typical 100-unit building cost about $15 million.
The total building cost in today's dollars is $56.1 M.
It was estimated that the building cost would be £15,000.
The price of the project was $15,000 for architectural plans and $200,000 in building costs.
Also the village provides 10% to 20% of the building costs.
There are 3,000 faculty members to pay, and building costs.