EMU renews capital outlay request for Pray-Harrold
YPSILANTI - The Eastern Michigan University Board of Regents approved a fiscal year 2009 capital outlay budget request for the modernization of Pray-Harrold, the University’s largest classroom building.
The estimated cost to renovate Pray-Harrold is $57 million. The University’s cost share is $14.25 million. The University’s share will be funded from money already collected and to be collected by the four-percent tuition fee increase that began in fall 2005 from the action taken by the Board to identify funding for outstanding facility needs.
In a related board action, the regents
The funding of the science complex will be provided primarily through the sale of bonds. Repayment of these bonds will be funded by the 4-percent tuition and fee increase that began in fiscal year 2006 to address the university’s needs. The balance of the required funding will come from the 4-percent tuition and fee increase that has been collected since fiscal year 2006, but has not yet been spent.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.
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