Framework For 21st Century UConn Approved
The state Bond Commission last month approved the master indenture for 21st Century UConn, the $1.3 billion plan to continue the rebuilding and renovation of the University's Storrs and regional campuses that will now also include the Health Center.
The approval sets in motion the 11-year bonding package that will continue the work begun under UConn 2000. It represents the last time UConn officials will need approval from state legislators before bonds will be issued for the program. Approval of the master indenture assures investors that the state will stand behind bonds issued on UConn's behalf, in partnership with State Treasurer Denise Nappier.
"This is excellent news," says University President Philip E. Austin. "It represents a vote of confidence in the University, and it will enable us to continue our infrastructure renewal expeditiously."
Implementation of the 21st Century UConn program will begin in July 2004, and will overlap the final year of the UConn 2000 program, the $1 billion infrastructure package that was signed into law by Gov. John G. Rowland in the summer of 1995. Since UConn 2000 began, more than 30 new buildings have been constructed at the University's campuses, and more than 50 buildings have undergone major renovations.
Major projects planned during the course of 21st Century UConn include a new classroom building to replace Arjona and Monteith buildings; completion of North Hillside Road, which will connect Hillside Road to Route 44; completion of the new pharmacy building; renovation of the Torrey Life Sciences Building; a third parking garage; a new research tower and renovation of the main building at the Health Center; a new library and classroom building at the Avery Point campus; and renovations at the School of Law.