Kent State Board Of Trustees Approves $150M In Campus Construction Projects

Ann McClure's picture
Thursday, January 3, 2013

Kent State University’s board of trustees hired the Ruhlin Co. to manage the $150 million, four-year construction and renovation project known as the “Foundations of Excellence, Building the Future.” The Sharon Center, Ohio-based company was selected after a competitive bidding and interview process. The projects total nearly $150 million. They are financed in part through the university’s issuance of $170 million in general receipts bonds. Kent State’s board of trustees approved a number of other actions, as well, including $5.9 million in bond revenue funds to be used for a project to renovate the Olson Center for Undergraduate Studies, built in 1961. The 10,000-square-foot Memorial Athletic and Convocation Center (MACC) Annex will be renovated using $2.5 million of the $170 million bonds acquired for campus-wide construction and is expected to be completed by next summer.

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