PULLMAN, Wash. — The Washington State University Board of Regents will meet Wednesday (July 22) in Seattle to consider a revenue bond resolution for the proposed Student Recreation Center to be built on the Pullman campus.
The meeting begins at 9 a.m. at the offices of Kargianis, Watkins and Marler, 2025 1st Avenue. There are no other topics on the agenda.
The resolution before the regents authorizes the issuance of $45 million in bonds to fund the project. Income from the sale of bonds will cover the estimated $38.7 million in design and construction costs as well as financing costs. The bonds are scheduled to be sold Aug. 3-5 if the resolution is approved.
The project, due to be completed in three years, will be paid for by a $200 annual student fee assessment approved by WSU students. The 140,000-square-foot building will contain fitness equipment, swimming pools, gymnasiums and other recreation facilities.
In May, the board approved the schematic designs and authorized the university to proceed with plans for the sale of bonds.