By Roland Murphy for Arizona Builder’s Exchange
Arizona State University’s capital plan for FY2017-2019 continues the institution’s solid construction and development path of recent years.
Ongoing Major Projects
The one-year plan for FY2017 shows two ongoing projects. The first, construction of the Biodesign C Facility on the Tempe campus creates a multi-functional research space. The 151KSF, four-story building will house research from the College of Liberal Arts and Sciences, Fulton Schools of Engineering and the Biodesign Institute, and will feature a mix of lab spaces. Estimated total cost for the system revenue bond-funded development is $110M.
The other 2017 development is a $9M rehabilitation of Gammage Auditorium to increase the number of restroom facilities and to develop two new elevators. $6.45M of the project budget is through gifts, with other sources supplying the remaining funds.
As of June 30, 2016, the university reported total FY2016 capital project expenditures of more than $205M on projects with budgets greater than $100K. The total estimated costs for those projects total $779M, with nearly $301M having been spent to date.
A Look at Major Planned Projects
The top priority project for the 2018 fiscal year is the creation of a new $30M, 1,200-space, four-level parking garage at the SEC of University Drive and Mill Avenue. The garage will support the campus and surrounding community’s parking needs as well as serve the hotel and conference center also planned for the site.
Ten projects are identified in the two-year plan for FY 2018-2019 across all of ASU’s campuses. Valuations and funding for these have not yet been established, but they provide an interesting look into the university’s ongoing vision.
NOTE: Paid subscribers receive additional project details in our twice-weekly PDF publication, including project stakeholder information and valuable project bidding leads. Find out more about AZBEX subscriptions or contact Rebekah Morris at email@example.com or (480) 709-4190