Photo courtesy of Dayton Daily News.
Asumag 1059 Hjn072113highcosts 1p
Asumag 1059 Hjn072113highcosts 1p
Asumag 1059 Hjn072113highcosts 1p
Asumag 1059 Hjn072113highcosts 1p
Asumag 1059 Hjn072113highcosts 1p

Miami University adds to debt to pursue construction projects (with video)

Dec. 23, 2014
Trustees at Miami University in Dayton, Ohio, approved the campus’ single most expensive project in the school’s 205-year history.

Trustees at Miami University in Dayton, Ohio, approved the campus’ single most expensive project in the school’s 205-year history. The board’s approval of the $98.3 million renovation of the North Quad dormitories brings the school’s total construction expenditures for the year to more than $182 million.

This most recent renovation is part of a “Miami Makeover” launched in 2009. The makeover included plans to “rebuild dining halls and residences across the campus,” the Dayton Daily News reported. It led to the school’s largest construction boom since the 1950s and 1960s.

Among the projects included in the makeover are replacement of the Shriver Center, which was constructed in 1958, with a $53.1 million student center. Other improvements include a $2.6 million Goggin Ice Arena upgrade and $83.75 million allocated for new dorms and a dining hall.

All told, the university has acquired more than $679 million in debt, according to the Dayton Daily News. But officials said that they will not allow the school to accrue additional debt to complete future projects, and that the school will undergo “a hiatus period in regards to further borrowing,” said David Creamer, the university’s finance director.

Sponsored Recommendations

How to design flexible learning spaces that teachers love and use

Unlock the potential of flexible learning spaces with expert guidance from school districts and educational furniture providers. Discover how to seamlessly integrate adaptive ...

Blurring the Lines in Education Design: K–12 to Higher Ed to Corporate America

Discover the seamless integration of educational and corporate design principles, shaping tomorrow's leaders from kindergarten to boardroom. Explore innovative classroom layouts...

Room to Learn: Furniture Solutions for Education

Preparing students for the future. Utilizing our experience in the education market, we offer a dynamic selection of products that pair technology with furniture to help stimulate...

Transforming Education: A Case Study in Progressive Classroom Design

Discover how Workspace Interiors and the Baldwin School District reshaped learning environments in Long Island, New York, creating pedagogically responsive spaces that foster ...