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June 15, 2005 Revised budget moves Memorial Union renovation forwardby Anne Krapfl Renovation plans for the Memorial Union are back on track, following approval of a revised budget June 14 by the Board of Regents, State of Iowa. The first phase of the project will be re-bid in the November-February 2006 time frame, with work beginning soon after. The revised budget is $19.9 million, or $2.9 million more than the budget approved in April 2004. A $17 million proposal to build a south addition to the Union, add a 4-level link between the building and the adjoining parking ramp, and renovate for better accessibility and people circulation hit a snag in March when the lone bid was $5.2 million over budget. University leaders, project architects and representatives from the construction company studied options for reducing costs without impacting program needs in the building. University leaders also decided to increase the project budget. Additional dollars will come from accumulated student fees designated for the Memorial Union renovation ($900,000), interest earnings on the construction fund during the project ($1 million), and a private gift of $1 million designated specifically for the Great Hall. Key changes between the first and second proposals include:
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SummaryA revised budget that includes a $2.9 million increase has put the Memorial Union renovation plans back on track. The first phase of the project will be re-bid at the end of the year. |