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“As we moved into the legislative session last summer, we initially heard there were not going to be any tuition revenue bonds considered,” said Bill Nance, vice president for finance and support services. “Then we got communication from our system office that they were going to consider TRBs.”
Texas State requested TRB funding for five construction projects.
“(Funding for) the new recital hall and theatre center were our highest priorities at the time,” he said.
Richard Cheatham, dean of the College of Fine Arts and Communication, said he was not surprised Texas State’s requests did not make it past the committee stage in the legislature and cited the poor state of the national economy. Institutions in Houston which suffered hurricane damage were awarded construction funding, Cheatham said.
“Unless it was a special need like that, the budget was so tight this year they did not fund any of the tuition revenue bonds,” Cheatham said.
A gift of $8 million donated by Patti Harrison will go toward funding for the recital hall and theater center. The rest of the funding will come from Education Assistance Fund allocations, Nance said.
Nance said $52 million in TRBs had been requested for the project. When combined with Harrison‘s gift, the building was estimated to cost $60 million. However, Nance said economic conditions have caused the price of construction materials to fall.
“Because we’ve re-done the construction cost estimate, we’re going to be able to get everything for something closer to $40 million than (the original estimate) $60 million,” Nance said.
Nance said the recital hall and theater center is just one part of several projects. Other elements, such as a parking garage and road modifications, will be funded by “self-supporting revenues,” he said.
Nance estimated the parking garage will have 350 to 400 parking spaces and will be pay by the hour, not permit-based. It will be erected adjacent from the new recital hall and theater center where Falls Hall currently sits.
“It’s being put in this location to facilitate the attendance of the events that will be held in the new center,” Nance said. “Student and community members will have convenient parking.”
Other projects Texas State requested TRB funding for have been put on hold.
“We’re hopeful two years from now when the legislature meets again, the economy will have improved and some of these projects will be funded,” Cheatham said.