The approval of a contract for new construction at the River Campus will be considered tomorrow at 9am during a teleconference meeting of the Southeast Missouri State University Board of Regents. The expansion of the River Campus, estimated to cost $24 million, is for a three-story, L-shaped building that will add more than 96,000 gross square footage for academic and housing space. The project also includes a nearby parking area to be built on the north side of Morgan Oak Street. Regents approved bonds in February. General-revenue bonds will cover construction, with annual revenue from housing contracts and meal plans used to service the debt for the housing portion of the construction cost. Additional tuition revenue from more majors at the River Campus will fund the debt service associated with the academic space in the new facility.
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