UM System Board of Curators to consider stadium expansion, financial outlook

2 months 2 weeks 2 days ago February 08, 2017 Feb 8, 2017 Wednesday, February 08 2017 Wednesday, February 08, 2017 2:27:00 PM CST in News
By: Nora Faris, KOMU 8 Reporter
loading

COLUMBIA - On Thursday, the University of Missouri System Board of Curators will select which architect scores the bid for improvements to Memorial Stadium. This marks the beginning of the End Zone Facility Project at Memorial Stadium.

Stadium Renovation

The project, budgeted at $96.7 million, aims to keep Mizzou football's facilities on par with SEC peers. The new south end zone space will include a football operations center, complete with coaches' offices, training facilities and locker rooms. It will also include premium seats, club suites and new general admission seating.

John Fougere, UM System spokesperson, said about half of the expansion's expected cost has been funded through donations, and despite the UM System's budget concerns, it is important to maintain the momentum of the project by voting on the architect. 

He said once the board approves an architect, Mizzou Athletics will have more time to fundraise and finalize its budget before the total project comes up for approval by the board later this year.

"We've seen a lot of donor support and enthusiasm on this project," said Chad Moller, associate athletic director for strategic communications for Mizzou football. "A lot of people want to get behind something that could impact the scope of the program for years to come."

If the project moves forward, renovations are expected to be completed during summer 2019.

Budget Questions

While the stadium will be expanding, the state's higher education budget will not, and the Board of Curators must determine how to maintain higher education on a lower budget during this week's meetings.

The state with held $37 million from the UM System for fiscal year 2017, spurring the four UM System campuses to economize and reduce costs.

Gov. Eric Greitens cut nearly $40 million from the University of Missouri System in his state budget proposal for fiscal year 2018.

Because the future of state funding for UM System schools remains uncertain, the Board of Curators will begin exploring the development of a long-term financial plan. The long-term plan will include a review of system costs, an exploration of additional revenue opportunities and a reassessment of UM tuition and pricing models.

Revenue from tuition and fees accounts for nearly 50 percent of fiscal year 2017's $1.21 billion total revenue.

Fougere said UM System tuition has not increased dramatically over the past several years.

"One thing the University of Missouri System has really been a national leader in over the last five to ten years is offering affordable, yet quality education," Fougere said. "The average tuition increase in the University of Missouri system has been below all of the neighboring states over the last six or seven years."

Over the past five years, in-state tuition at Missouri's public four-year universities increased by 5 percent.

If state budget cuts continue for the UM System, Fougere said the Board of Curators may have to consider strategies for raising tuition and fees.

But the UM System is designed to weather budget shortfalls, Fougere said.

"Over the last 15 years, there have been many times where we've had budget cuts," Fougere said. "What really helps in our case is the fact that we're sharing services across four campuses. If the UM System didn't exist, each campus would have to provide those services on their own."

Fougere said the overarching UM System, not each individual campus, provides human resources, information technology, government relations and general counsel support, saving the state between $80 million and $90 million in administrative costs.

 

 

 

More News

Grid
List
JEFFERSON CITY - Capital Region Medical Center held a language workshop Wednesday night for parents with young children who have... More >>
32 minutes ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 8:04:00 PM CDT in News
COLUMBIA - City staff are working to make headway on two new landfill projects for Columbia. At a meeting... More >>
39 minutes ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 7:57:00 PM CDT in News
FULTON - The body of 31-year-old Carl DeBrodie may have been in a large storage container filled with cement for... More >>
1 hour ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 6:37:00 PM CDT in News
COLUMBIA- In the latest Association of American Universities (AAU) report released Wednesday, the University of Missouri was highlighted for its... More >>
3 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 5:36:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri representatives have approved that the state pay an extra $241 million in unexpected expenses for... More >>
3 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 5:33:47 PM CDT in News
SPRINGFIELD (AP) — Family members of a man whose death was caused by Arkansas death row inmate Kenneth Williams say... More >>
3 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 5:26:16 PM CDT in News
ST. LOUIS (AP) — St. Louis' city minimum wage could rise to $10 an hour starting next week now that... More >>
4 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 4:16:16 PM CDT in News
JEFFERSON CITY - Missouri Secretary of State Jay Ashcroft teamed up with Missouri Attorney General Josh Hawley and local legislators... More >>
4 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 4:12:00 PM CDT in News
JEFFERSON CITY – Missouri motorcycle crashes have resulted in 475 deaths since 2012, with 122 fatalities occurring in last year... More >>
4 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 3:41:00 PM CDT in News
COLUMBIA - A controversial bill moving through the Missouri General Assembly could change the handling of workplace discrimination claims in... More >>
5 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 3:28:24 PM CDT in News
JEFFERSON CITY (AP) — Missouri lawmakers are pushing legislation that would make it harder for judges to require domestic violence... More >>
5 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 2:54:16 PM CDT in News
JEFFERSON CITY - A coalition of organizations rallied at the state capitol Wednesday in support of a "Moral Missouri." ... More >>
5 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 2:48:00 PM CDT in News
ST. LOUIS (AP) — Fire officials in St. Louis are investigating after a vacant home exploded, sending glass, wood and... More >>
7 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 1:20:50 PM CDT in Continuous News
NEOSHO (AP) - Students at a college in southwestern Missouri will see a tuition increase in the coming year in... More >>
7 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 12:47:33 PM CDT in News
JEFFERSON CITY — Lincoln University students went to an African-American Genealogy workshop Wednesday morning to learn more about their family... More >>
8 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 12:36:00 PM CDT in News
JEFFERSON CITY (AP) — The Missouri Supreme Court has set an execution date for this summer for a man sentenced... More >>
8 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 12:28:09 PM CDT in News
PINE LAWN (AP) — Police are looking for two cars in connection with the shooting deaths of three men in... More >>
8 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 12:23:39 PM CDT in News
KANSAS CITY (AP) — Two men once detained at the Jackson County jail are separately suing over the lockup's conditions... More >>
8 hours ago April 26, 2017 Apr 26, 2017 Wednesday, April 26 2017 Wednesday, April 26, 2017 11:39:45 AM CDT in News
Columbia, MO
Broken Clouds 47°
9pm 48°
10pm 47°
11pm 47°
12am 46°

Select a station to view its upcoming schedule:

Coming Up Next

8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
10:00p
KOMU 8 News @ 10
8:00p
The 100
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld

Tonight's Schedule

7:00p
Blindspot
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
The 100
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld