CHEYENNE, Wyo. (AP) – The University of Wyoming is challenging a state tax board’s decision that it must pay property taxes on a relatively new $15 million student apartment complex on the Laramie campus.
The Bison Run Village apartments, located east of War Memorial Stadium, opened in the fall of 2012 and houses about 330 students. The university manages and operates the complex but does not own it.
In order to build the complex, the university it had to enter into a complex financing arrangement with a nonprofit corporation that helps colleges finance campus housing.
UW has filed a petition in Albany County District Court seeking to have the decision by the State Board of Equalization reversed.
UW spokesman Chad Baldwin says the annual property tax bill at stake is about $70,000.