Fully 15% of the Ithaca campus expenditures go for space related expenses, including utilities, rents, and leases, debt service that is principal, and interest on our long term debt, facilities renovation and construction, and repair and maintenance.
President Emeritus Richard C. Levin concurred, saying, "This is an historic day for Yale, and, for some of us, a dream come true". He recalled that university officers and trustees began to consider building new residential colleges in the late 1990s, along with many other priorities for facilities renovation and construction.
Brown and Bacow proposed to increase MIT's reliance on its endowment support and approve support in three core areas: the removal of summer tuition from graduate research-only students, an increase in graduate fellowship support and an increase in facilities renovation and renewal.
A year ago, also in November, Paulson gave $20 million to NYU Stern to endow two faculty chairs, provide scholarship aid to undergrads and help fund a facilities renovation.
"The need for additional academic programs and facility renovations forced the increase," said Phyllis Miller, a university spokeswoman.
Sections 7000 through 7002 thereof contain a number of subtitles with headings such as "Limitation on Luxury Expenditures," including such expenditures as "entertainment or events," "office and facility renovations," and "aviation or other transport services".
Neese should know; his company, Charlottesville, Va.-based 3D EnviroLogics, helps institutions cut costs through remediation prior to and during facility renovations and demolitions.
The Statue of Liberty National Monument and Ellis Island will undergo a $27.25 million renovation that includes long-planned safety and other critical facility renovations beginning in late October.
There are changes still to come, and Szefc hopes to have the final two phases of the program's facility renovations finished over the next 2 1/2 years.
