Last Friday, the D.C. Council voted to approve the University’s request for $90 million dollars in tax-exempt bonds. The money, when coupled with funds gained through the American Recovery and Reinvestment Act, will cover the cost of completing the new Science Center.
The Council’s approval brings the bonds’ less-than-epic saga to a close. Before the November 19 vote, the bond request faced concern from the Advisory Neighborhood Commission, passage through the D.C. Council’s Committee on Finance and Revenue, and defense from D.C. Councilmember Jack Evans.
Only $74 million will go towards the $98 million Science Center, according to University spokesperson Julie Green Bataille. The rest will fund renovations of existing facilities, including the roads around the building-to-be, as well as technology and infrastructure upgrades on the main campus, Law School, and University-owned townhouses.
Although specific projects have not been identified, Bataille added, the money will not be used for 2010 Campus Plan projects or to upgrade on-campus wireless capabilities.
Photo: Georgetown College