More Florida University Building Projects, Renderings
What the Universities are Borrowing
The following are the most recent Higher Education Facilities Financing Authority projects:
Flagler College - Nov. 2005 - $20 million
The first portion of this project is the construction of the Student Center ($13,600,000). Student centers are common sights on college campuses, but Flagler College has never had one.
The two story structure will have a similar look to the Proctor Library but more modem, and will be oriented on East Sevilla Street. The ground floor will include a food court, student lounges, a bookstore, multipurpose rooms for classes and receptions, and a small theater. The second floor will include faculty offices, classrooms, and the Office of Student Services.
The second portion of this project ($5,100,000) is the Art Building Phase project. This project will rehabilitate the boiler structure component of the original hotel complex into art studios and classrooms. A small wing will provide new handicapped accessible restrooms and offices for faculty members in the Art Department. A new connection to the Art Building will be established and an elevator will be installed
Southeastern University - Nov. 2005 - $40 million
"The Bond proceeds will be used approximately as follows: (i) $32,500,000 to refinance the University's existing indebtedness; (ii) $3,500,000 to construct a new restaurant; (iii) $2,200,000 to convert an existing cafeteria to academic use; (iv) $1,000,000 for other campus capital improvements; and (v) $800,000 for costs of issuance
Saint Leo University - Sept. 2006 - $10 million
For the rehab of the existing Student Community Center and the construction of approximately 15,000 sq. foot addition" The project will cost approximately $16.2 million and will include several new dining facilities, kitchens and preparation areas, meeting rooms, offices and a new campus book store.
Jacksonville University - Oct. 2006 - $63 million
The University is proposing the construction of a 500 bed student housing facility (including furnishings) and a parking garage to accommodate 300-400 cars, as well as the refinancing of $25 million of prior debt. The University plans to double its current enrollment in the next seven to eight years and to accomplish that goal this new housing will allow on campus residents to move from its current 1,800 level toward 3,600 as its enrollment grows from 2,700 to 4,500 to 5,000 students
Flagler College - Dec. 2006 - $20 million
The project is to acquire and renovate, for college academic purposes, certain buildings located in St. Augustine Florida.
The Pappas Report
Earlier this year, Pappas Consulting Group release a report titled "Proposing a Blueprint for Higher Education in Florida: Outlining the Way to a Long-term Master Plan for Higher Education in Florida." Click here to see report.