Graduate students at
Central Michigan University aren’t going to be relegated only to off-campus apartments in the future, as the school announced its building new housing for them.
The CMU Board of Trustees approved the construction of a $28.5 million housing complex. It’ll have 94 units, split among one-bedroom, two-bedroom and four-bedroom apartments.
The construction is paid for through capital reserves, and local bank financing. It’s not even the only new construction on campus this year; a $1.5 million renovation is planned to the Real Food on Campus restaurant, which serves about 2,100 students daily. The renovation means better amenities and equipment, and will be paid for through funds designated for renovation.
At the same meeting, trustees got a good report from both an independent audit of the school’s finances and gave a good report, in their evaluation of CMU President George Ross.
"In summary, a strong performance for 2010 to 2011 ending June 30," says board chair Sarah Opperman. "No bonus (was given to Ross), in keeping with the current financial priorities and consistent with other actions that have been taken throughout the university. Thanks for a very good 2010 and 2011 academic year."
The audit came from the Saginaw firm of Andrews, Hooper and Pavlik, and included an unqualified approval, noting no material weaknesses.
Writer: Sam Eggleston
Source: Sarah Opperman, Central Michigan University
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