Southeast leaders looking to expand at River Campus | News
CAPE GIRARDEAU, MO (KFVS)- The Southeast Missouri State University Board of Regents Friday approved the feasibility of building new academic space and a residence hall at the River Campus in Cape Girardeau.
Kathy Mangels, vice president for finance and administration, says it's anticipated that bonds will be issued to finance the project.
Southeast says the four-story building project, that would house 150-180 students, is still in the conceptual design stage.
According to a news release, the proposal calls for combining both new academic space and a housing concept into one building on the northeast corner of the River Campus property adjacent to the existing Seminary Building.
An alternative option would be on the north side of Morgan Oak Street, according to Mangels. She says the Lawrence Group is assisting with evaluating potential sites, programming and construction costs.
According to the university, preliminary estimates of annual room revenues and expenses indicate the project could support a maximum $20 million construction budget.
In order for the new housing component to be available in fall 2014, bids for site work would be needed by February 2013, according to the university.
According to Mangels, a final building layout and site plan, and documents indicating revenues at a level to meet debt services would be presented at the December board meeting.
Mangels adds the university has been adding student housing in recent years in response to 18 consecutive years of enrollment increases.
The River Campus opened in fall 2007.
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