Follow CBSMIAMI.COM: Facebook | Twitter

GAINESVILLE (CBSMiami/AP) — University of Florida students staying in a certain dorm will be able to run their own start-ups soon.

READ MORE: New FBI report finds active shooter attacks on the rise

The Gainesville Sun reported Sunday that as part of a public-private partnership between the school and Signet Development, a new dorm will allow students to operate businesses and build prototypes in the dorm’s community room.

The new dorm being built two blocks east of campus is called Infinity Hall. It will have dorm space for 308 students to live, eat and sleep, and an additional 20,000 square feet for them to develop projects.

READ MORE: MDPD: Miami Beach Senior High Teacher Arrested For Engaging In Child Pornography

Signet is paying for the $23 million dorm. The Sun says it’s also an economic development project for the city of Gainesville, which will eventually go back on the tax rolls.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE
Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed. The Associated
Press contributed to this report.)

MORE NEWS: Texas school shooting once again raising safety concerns across South Florida

[display-posts category=”local” wrapper=”ul” posts_per_page=”5″]