Posted: July 1, 2009
Contact: Doug Anderson, firstname.lastname@example.org, 651-201-1426
Revised July 1, 2009
Note: This news release, originally issued June 18, has been revised to reflect recent changes that lowered the total from $403.6 million to $396.8 million.
The Minnesota State Colleges and Universities will seek authorization for $396.8 million in funding next year for construction and remodeling projects across the state. The Board of Trustees Thursday approved a list of 31 projects that will be submitted for funding.
The request to the Legislature is for $305.8 million in state general obligation bond financing with $97.8 million in debt service financed by the system and its institutions, bringing the total project authorization to $403.6 million.
The request to the Legislature is for $301.3 million in state general obligation bond financing with $95.5 million in debt service financed by the system and its institutions, bringing the total project authorization to $396.8 million.
The top priority is $110 million in repair and replacement projects for roofs and mechanical and electrical systems, as well as health and safety improvements, on nearly all 54 campuses.
"Repair and replacement projects are the No. 1 priority because we must make sure the system’s 855 buildings are, first and foremost, in good repair," said Chancellor James H. McCormick. "These projects also give us the opportunity to reduce energy by using energy-efficient materials and devices, as well as sustain these important state buildings into the future." Overall, the system is responsible for nearly one-third of state-owned building space.
Funds also are being sought for 30 other capital improvement projects, which largely would add, replace or remodel classrooms, science labs and applied technology labs.
Laura King, the system’s vice chancellor and chief financial officer, said, “We will be able to better serve the growing number of students on our campuses if we can make these renovations and improvements.” Enrollment of students taking credit courses has increased by 10,572 students between 2002 and 2008, and is projected to continue increasing.
Board Chair David Olson said, "These projects correspond directly to the board's strategic plan that calls for increasing access and opportunity, strengthening regional and state economic vitality, delivering high-quality learning options and services, and promoting innovation.
"We are optimistic that the governor and Legislature will recognize that upgrading our existing facilities, particularly for science and technology programs, will help us produce more graduates that the state’s employers need to remain globally competitive," Olson said. Legislators are expected to visit campuses around the state this summer and fall to become familiar with the capital requests.
The 31 projects were winnowed from more than $700 million in requests submitted by the system's institutions. In January, teams of representatives from the campuses and system office scrutinized and scored the proposals.
See the revised list of projects