Eastern Michigan University's Board of Regents approved
the use and financing statement for the new Mark Jefferson
Science Complex.
The estimated cost of the entire project is $100 million.
The plan encompasses $26.7 million for renovation of the
180,802-square-foot building and $73.3 million for 151,000
square feet of new construction.
 |
MOVING FORWARD: The EMU Board of Regents
approved a use and finance statement for $100
million
for the Mark Jefferson Science Complex. The
University
next submits the statement to the Joint
Capital
Outlay Subcommittee for approval. |
The project will be funded primarily through the sale
of bonds. The majority of the repayment of the bonds will
be funded from the 4 percent tuition and fee increase approved
by the Board for this purpose in fall 2005.
"The scope of this project will rehabilitate Mark Jefferson's
infrastructure and add a mix of laboratory and classroom
spaces to support general education/basic studies curriculum,
undergraduate and graduate programming, and faculty research," said
Janice M. Stroh, vice president of business and finance
at EMU. "With these improvements, EMU will be able to expand
its curriculum to meet the needs of today's scientific
educators and to be competitive among universities of comparable
size and instructional mission."
The project will consist of two phases. Phase 1 will include
a new addition to the building that will provide biology,
chemistry and psychology departments with new laboratories
and research space. Renovations to the current building
will be Phase 2. The scope of the second phase will focus
on infrastructure needs, such as mechanical and electrical
systems, structural improvements and a new roof.
The University next submits the statement to the Joint
Capital Outlay Subcommittee for approval. Any non-state
funded project costing in excess of $3 million is required
to be submitted to the state for approval.
