The Kansas Board of Regents has approved a plan to issue $88 million in revenue bonds for three University of Kansas (KU) construction projects.
The Lawrence Journal-World reports that the bonds will help pay for the Earth Energy Environment Center (EEEC) on the Lawrence campus and the Health Education Building and a parking garage on the university's Medical Center campus in Kansas City, Kan.
Construction is just underway on the $78.5 million EEEC. The 130,000-square-foot building is scheduled for completion in August 2017. KU has secured funding for the building with $41 million in private gifts, $12.5 million in university funds and $25 million in bond proceeds.
The Medical Center broke ground in August on its $75 million Health Education Building. It will house the interactive main teaching facility for the schools of Medicine, Nursing and Health Professions. A $39.6 million, 2,160-space parking facility will be constructed adjacent to Health Education Building. Those projects are scheduled for completion in 2017.
The state will issue up to $24 million in Kansas Development Finance Authority Revenue Bonds for the Health Education Building and $39.6 million for the parking garage.
