Regents OK $88 million in bonds to help fund three KU construction projects

Board also approves advanced degrees in cancer biology through KU School of Medicine

The Kansas Board of Regents on Wednesday adopted resolutions to issue revenue bonds for three major construction projects at Kansas University.

Proceeds from the bonds will be used to fund portions of KU’s new Earth Energy Environment Center on the KU Lawrence campus and the new Health Education Building and a parking garage on the KU Medical Center campus in Kansas City, Kan., according to board documents.

Construction is just underway on the Earth Energy Environment Center, or EEEC. The 130,000-square-foot building is being built adjacent to Lindley Hall and is scheduled for completion in August 2017.

The total project cost for the EEEC is $78.5 million, funded with $41 million in private gifts, $12.5 million in university funds and $25 million in bond proceeds, according to a Regents report. The board’s resolution authorized issuance of up to $25 million in Kansas Development Finance Authority Revenue Bonds.

This preliminary rendering shows an interior view of the planned Earth, Energy and Environment Center, or EEEC, on the KU campus. Construction on the building, adjacent to Lindley Hall, began in summer 2015.

KU Medical Center ceremoniously broke ground in August on its $75 million Health Education Building, planned to be the interactive main teaching facility for the schools of Medicine, Nursing and Health Professions.

The $39.6 million, 2,160-space parking facility is planned to be between 37th and 38th avenues and Cambridge and Eaton streets, according to a Regents report. Construction will begin in March 2016 and finish by July 2017.

Wednesday’s Regents resolution authorized issuance of up to $24 million in Kansas Development Finance Authority Revenue Bonds for the Health Education Building and $39.6 million for the parking garage.

Instead of their usual Topeka meeting chambers, the Regents held Wednesday’s board meeting at Pittsburg State University in Pittsburg.

Board of Regents spokeswoman Breeze Richardson confirmed the board approved all three bond resolutions and raised no concerns.

In other KU-related action, the board:

• Approved a master of science degree and a doctorate degree in cancer biology at the KU School of Medicine.

There are very few cancer biology programs in the country, according to a board report on the new degrees. “More research is required in order to make inroads necessary to more effectively treat this family of diseases. Therefore, training a workforce capable of integrating knowledge from multiple specialized disciplines with insights discovered within their own laboratories will be essential.”