Renovation FINANCE
June 30, 2008
The College plans to spend $27.3 million during FY 2008-2009 on the improvement of its facilities.
- $20 million of the funds come from last year's tax-exempt bond issue and are planned to be used for the improvement of Oliver Hall and the improvement of 14 residence halls.
- The remaining $7.3 million comes from operating budget appropriations for major maintenance of facilities and for funding of depreciation expense. These funds are planned to be used for improvements to 7 academic facilities, 6 administrative facilities, 9 athletic and recreational facilities, 4 residence hall facilities, 5 support facilities, and several other equipment, landscape and utilities projects.
Contact Vice President for Finance Pete Michell for more info.
