In June 2018, the Board of Regents approved the overall project cost and the following funding plan:
One-time costs of $30M will be covered with debt financing. The debt will be repaid using $3.1M in revenues that have covered key infrastructure investments for many years, including the Student Information System debt payment and the Veterinary Hospital debt payment. Using this approach, the $30M cost will be funded without an impact to college and campus budgets, and without increasing the University’s annual debt payment.
The ongoing costs of $7M per year will be funded in three ways:
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