After having let go the staff when buying the building, the rent increase (up to 25%) is the second time that the management takes a strong move showing little care for its tenants.
Regents Park has always been a safe and affordable housing for many students of the University of Chicago. It is important that it remains so.
For more details see below:
In the own words of Regents Park's Director of Resident Relations:
"The student price was to fill the building since it is easier to sell a full building than an empty one. Now the student price has no more reason to be".
After having let go of the entire staff when buying the building, this is the second time that MAC's management of Regents Park raises concern among the residents, as they simultaneously raise the rents and decrease (when not simply remove in the case of undergraduates) the help to students of the University of Chicago. In many cases, the students have been forced to move out, being unable to pay the new rent.
Historically, Regents Park has offered affordable and safe housing to an important pool of students, and should continue to do so.
We hereby demand the reinstatement of the student pricing to its former level, for undergraduate students and graduate students, as well as the special pricing for researchers and faculties.
In the event this demand is not honored, students will continue to leave the building and share their negative opinions of MAC management, as they are already doing by online ranking site or by word of mouth.