OU Board of Trustees Approve $977.5 million Capital Plan

By
Bethany Venable

Dateline
Updated Sat, Nov 19, 2011 8:21 am

The Ohio University Board of Trustees today gave the go ahead for a six-year capital improvement plan (CIP) targeted at core academic buildings on campus.

OU Vice President for Finance and Administration Steve Golding and Associate Vice President for Facilities Harry Wyatt presented the plan, which runs through fiscal year 2032.

According to the presentation, the major source of funding will be debt, coupled with gifts, grants and public private partnerships.  In the past, the university relied primarily on state funds. 

The CIP calls for $997.5 million, $567.5 million from debt.

The Scripps College of Communication, McCracken and Seigfred Halls, the Heritage College of Osteopathic Medicine Columbus Campus and Alden Library are all listed as targeted projects in the CIP.

Lausche Heating plant will be completely replaced.

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