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The five story residence hall is called "Half Dome." It offers panoramic views of the surrounding landscape, and has enough space for 500 students.
This is the last dorm being built before the university changes its plan for future growth.
The chancellor says a lack of state funding is forcing the campus to cut infrastructure costs by using less land.
University leaders are now considering taller, multi-use buildings, and one off-campus space for administrative support staff.