SEMO regents approve $58M renovation plan

CAPE GIRARDEAU, Mo. (AP) — The Board of Regents at Southeast Missouri State University has approved a plan to borrow $58.2 million for campus projects.

The plan approved by the regents Friday would go toward a campuswide maintenance and renovation plan. The Southeast Missourian reports that how the university will pay for the project remains in question, but higher student fees could be a result.

The plan includes the sale of general education bonds for a $22.78 million upgrade of the campus’ century-old Academic Hall and a nearly $18 million renovation of Magill Hall, the university’s science building.

The proposal also calls for nearly $10 million in deferred maintenance projects and nearly $7 million in power plant upgrades.

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Information from: Southeast Missourian, http://www.semissourian.com

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