On Friday, Metro State officially closed at a low rate of 3.35 percent on the Build America Bond – Recovery Zone Economic Development Bond to be used for the College’s Backfill Project Program Plan.
The College received the same rate for the Student Success Building in November. Rates have not been this low since the 1960s.
“We are pleased that Metro State has received this competitive rate,” says Vice President for Administration, Finance and Facilities Natalie Lutes.
The backfill project will primarily impact the Administration Building, Central Classroom Building and West Classroom Building. The first phase will begin after faculty members currently housed in the Administration Building move back in to the Science Building.
The plan calls for 149,504 square feet of space at the end of five years. Metro State currently has 106,105 square feet on the Auraria Campus. The additional space will include a projected 35 percent increase in faculty/staff offices. Forty-three new dedicated classrooms and 10 new classrooms created in the backfill will total 8,122 square feet of new classroom space.
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