- Sep 13, 2002
- 99,796
- 210,276
- 113
The regents delayed the first phase of the IMU’s modernization process, which was expected to start this spring and continue through four more phases until spring 2027 to modernize 120,000 square feet or 37 percent of the building, bringing it new food service options, outdoor seating, and the presence of Student Health.
The total cost of the project is expected to be $81.4 million, an amount that will be funded by a mix of UI student fees and Student Health Reserve Funds. $75 million will come from student fees of $100 to $120 per semester per undergraduate and graduate student while $6.4 million will be from the Student Health Services Reserve Funds.
The project was pushed because the regents were unsure what future federal National Institute of Health, or NIH, grants would be approved.
“We’re heading into, I think, a period of unprecedented uncertainty about federal funding,” Regent David Barker said to the regents. “In many ways, when I look at the IMU project, [it] looks like that’s a great project but probably not a project that is immediately necessary.”
Rod Lehnertz, UI senior vice president and university architect, told the board the project has a variety of funding sources and should be able to proceed even if there are federal cuts.
“My initial reaction is it would be independent,” Lehnertz said. “It’s an already established, funded project.”
Barker responded saying there may be other uses for that funding if health care areas receive a hit from NIH cuts.
“If we end up making cuts. There may be other uses for that. Those student fee dollars that might be necessary,” he said.
dailyiowan.com
The total cost of the project is expected to be $81.4 million, an amount that will be funded by a mix of UI student fees and Student Health Reserve Funds. $75 million will come from student fees of $100 to $120 per semester per undergraduate and graduate student while $6.4 million will be from the Student Health Services Reserve Funds.
The project was pushed because the regents were unsure what future federal National Institute of Health, or NIH, grants would be approved.
“We’re heading into, I think, a period of unprecedented uncertainty about federal funding,” Regent David Barker said to the regents. “In many ways, when I look at the IMU project, [it] looks like that’s a great project but probably not a project that is immediately necessary.”
Rod Lehnertz, UI senior vice president and university architect, told the board the project has a variety of funding sources and should be able to proceed even if there are federal cuts.
“My initial reaction is it would be independent,” Lehnertz said. “It’s an already established, funded project.”
Barker responded saying there may be other uses for that funding if health care areas receive a hit from NIH cuts.
“If we end up making cuts. There may be other uses for that. Those student fee dollars that might be necessary,” he said.
Iowa Regents approve UI’s request to advance five improvement projects, postpone IMU renovations
The University of Iowa can start on multiple capital improvement projects, including changes to Mayflower Residence Hall and a new UI Health Care child care center after the Iowa Board of Regents approved the UI’s request Thursday, while postponing requested renovations to the Iowa Memorial...
dailyiowan.com
