The University of Missouri Board of Curators has signed off on $265 million in debt financing for major construction projects on all four campuses. Vice President of Finance and Administration Nikki Krawitz said UM will take advantage of historically low interest rates and the federal subsidy provided from issuing Build America Bonds to address critical campus needs.
“The University of Missouri is doing its part with the strength of our credit rating to fund capital projects on our four campuses and the health system,” Krawitz said. “We continue to look to our state for funding non-revenue generating, but essential, classroom buildings and deteriorating infrastructure.”
Funding for projects on the MU campus approved by the board are:
- $18.7 for Mark Twain Hall;
- $10 million for the East Campus Chilled Water Plant;
- $6.5 million to replace the storm sewer on South Campus;
- $30 million Green Meadows Outpatient Care Center;
- $51.7 million for the Patient Care Tower and Ellis Fischel Cancer Center;
- $45.9 million for a combined heat and power upgrade at the MU Power Plant.