I've lived in the Cedar Point dorms for one season (May-October 2007)... The rooms and bathrooms were dirty, you got 2-4 roomates per room (depending on how many lockers you had in your room... yeah, like double-sided lockers from high school or a gym), and if you tried to go to sleep during a Detroit Pistons game, you'd have a rough time (loads of people from Detroit). We had about three fire-alarms that year, where everyone just sat outside while we were told we couldn't go back inside the building (my roommates slept through it, though).
The next season, they had lots of bedbug cases going around. Then again, it was also something like $30/month for rent, with free utilities. This sounds like a better deal.