MU curators worry about $30 million project falling through

2 years 11 months 1 week ago Thursday, June 22 2017 Jun 22, 2017 Thursday, June 22, 2017 3:02:00 PM CDT June 22, 2017 in News
By: Kyrah Davis, KOMU 8 Reporter
loading

COLUMBIA – MU curators are concerned about finances for plant facility growth.

The UM Board of Curators met on Thursday to discuss the $30 million project. The board approved funds for it in October 2016. But now they are worried the system may not be financially stable enough to move forward since there is no fund raising.

Curator Darry Chatman said, "The danger is we use this to advertise and get great faculty here," he said. "And we get here and can’t come through with the project.”

Vice President for Finance Ryan Rapp said he understands the financial issues but thinks the project is worth following through on.

“It’ll really force us to think about priorities. But I also think we have to be willing to make investments,” he said.

Rapp said plant and life sciences are areas the UM System excels in.

The funding is coming from designated reserves. 

“By using those reserves that means we have to make hard decisions in other areas because we can’t afford to do all things.” Rapp said.

Chatman said the board should solidify extra funding for the project just in case.

“Even though we voted on something years ago and then we hit a financial crisis in following years, it’s not like that money is still going to be committed,” he said. “We may have to, at some point in time, reallocate funds for other priorities just to keep the university running.”

Curator Jeff Layman said there needs to be a balance.

“I’m all for investing this money,” Layman said. “I just think it’s critical to put that capital where we want to go strategically.”

Rapp said UM President Mun Choi will discuss possible fund raising opportunities for the project. Construction was scheduled to begin this fall.

More News

Grid
List
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. ... More >>
31 minutes ago Saturday, May 30 2020 May 30, 2020 Saturday, May 30, 2020 2:21:27 PM CDT May 30, 2020 in News
COLUMBIA — MU's Office for Civil Rights & Title IX is investigating a Snapchat video that was widely criticized... More >>
2 hours ago Saturday, May 30 2020 May 30, 2020 Saturday, May 30, 2020 12:51:48 PM CDT May 30, 2020 in News
ELDON - The Miller County Sheriff's Office hosted its annual 5K for the 7th year on Saturday. "Run with... More >>
3 hours ago Saturday, May 30 2020 May 30, 2020 Saturday, May 30, 2020 11:25:00 AM CDT May 30, 2020 in News
COLUMBIA - Two hair stylists at the downtown location of The Clip Joint have tested positive for COVID-19, KOMU 8... More >>
17 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 9:11:00 PM CDT May 29, 2020 in News
CENTRALIA – Corsages and boutonnieres filled Chance Gardens in Centralia as high school students lined up to take their prom... More >>
19 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 7:19:00 PM CDT May 29, 2020 in News
CAMDEN COUNTY, Mo. -- The Camden County Health Department said Friday a Boone County resident who has tested positive for... More >>
20 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:08:00 PM CDT May 29, 2020 in News
COLUMBIA — Love Coffee received a surprise $10,000 donation from the Veterans United Foundation on Tuesday. The nonprofit will use... More >>
22 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 4:37:00 PM CDT May 29, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
23 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 3:00:00 PM CDT May 29, 2020 in News
COLUMBIA - Mid-Missourians marched and held signs in Columbia on Friday morning to bring awareness to police brutality against African... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:52:00 PM CDT May 29, 2020 in News
CLARKSBURG, Mo. - Two people were arrested in Clarksburg, Mo., on drug charges after a search on May 21, according... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:32:00 PM CDT May 29, 2020 in News
MINNEAPOLIS (AP) — The Minneapolis officer who was seen on video kneeling on the neck of George Floyd, a handcuffed... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:46:00 PM CDT May 29, 2020 in News
O’FALLON, Mo. (AP) — Missouri’s only abortion clinic will be able to keep operating after a state government administrator decided... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:38:00 PM CDT May 29, 2020 in News
COLUMBIA - The Missouri River is expected to reach moderate flood stage in Jefferson City, Glasgow and Hermann this weekend.... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 11:30:00 AM CDT May 29, 2020 in Weather
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. You can find... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:39:00 AM CDT May 29, 2020 in News
COLUMBIA- A student at the West Location of Tiger Tots Academy has tested positive for COVID-19. According to a... More >>
1 day ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:37:00 AM CDT May 29, 2020 in News
JEFFERSON CITY – During his daily COVID-19 briefing Thursday, Governor Mike Parson announced an extension of the phase one reopening... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 8:42:00 PM CDT May 28, 2020 in News
COLUMBIA - As Boone County moves into the next phase of reopening, hair salons can now open their doors to... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 6:17:00 PM CDT May 28, 2020 in News
COLUMBIA - The City Manager of Columbia announced plans to further cut city budgets due to the effects of COVID-19.... More >>
2 days ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:42:00 PM CDT May 28, 2020 in News
Columbia, MO
Broken Clouds 76°
3pm 74°
4pm 75°
5pm 75°
6pm 75°