Bond Issue, Other Projects total $309.8 million

OSU Set to Begin Unprecedented Building Period


Gary Shutt
OSU News Bureau
Oklahoma State University
(405) 744-6260
07/29/05

TULSA – The Oklahoma State University System will soon be in the midst of an unprecedented capital improvement period, with nearly $309.8 million worth of construction projects, either planned or already underway.

Speaking at a regular meeting of the OSU/A&M Board of Regents at OSU-Tulsa on Friday, OSU System CEO and President David J. Schmidly said that OSU is entering a building period unmatched in its history, with current or planned construction projects worth more than $253.8 million for academics and student needs and $56 million in improvements for athletics.

“For the next three to five years, OSU will build a record number of outstanding facilities that will help us achieve our goal of becoming a top 75 comprehensive research institution,” Schmidly said. “From academics to research to athletics, OSU will be a much different and much improved university for our students, faculty and staff.”

Schmidly told regents that the OSU System will receive $108.1 million from the 2005 Higher Education Bond issue and has identified an additional $52.7 million to supplement the bond issue and pay for additional improvements and new facilities on its campuses.

OSU also has an additional $149 million in current construction projects and other planned improvements that are being paid for with funds from other state, private and federal sources.

“Higher education is vital to the people of Oklahoma and our state’s future success,” Schmidly said. “These projects are smart investments, and we are committed to getting the most out of the dollars that will be given to us. We also have been fortunate in finding additional resources to put together a comprehensive plan to improve educational and research facilities at all of our campuses.”

At OSU-Tulsa, for example, $12.9 million in bond issue money is helping to pay for a

$41.49-million Advanced Technology Research Center (ATRC), with site work scheduled to start in late August. Additional funds are coming from the city of Tulsa’s Vision 2025 bonds.

The center will focus on the development of next generation composites and materials for industries such as aerospace, biotechnology, telecommunications and manufacturing.

Scheduled for completion in the Summer, 2007, the ATRC will create new jobs and attract new industries to the Tulsa region. The center will produce an annual payroll of about $4 million and attract an additional $5-6 million of federal and private research funds, annually.

Following Schmidly’s remarks, regents gave OSU the go-ahead to begin the process of selecting design firms and taking other preliminary steps for $90.8 million in bond issue projects and $23 million in other projects that will be funded by state, federal and private sources.

These include:

Still in the planning stages are $70 million in additional OSU-System bond issue projects, including the renovation of Murray Hall at OSU-Stillwater. The $16-million Murray Hall project will convert the former residence hall into modern classrooms, computer laboratories, offices, and auditoriums.

According to OSU Provost and Senior Vice President Marlene Strathe, a majority of Murray Hall will be assigned to departments within the OSU College of Arts & Sciences; however, faculty from other colleges may use facilities in the building and will teach in general university classrooms. She said a planning committee is determining the optimum space utilization for the building.

Also in the planning stage is a $12.4-million upgrade of the Oklahoma Animal Disease Diagnostic Laboratory that will be funded by a special legislative appropriation.

Construction already underway at OSU includes $61 million in new student housing and the $56-million Phase Two modernization of Boone Pickens Stadium.

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