MU curators worry about $30 million project falling through

1 year 9 months 5 hours 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
(CNN) — Rescuers are scrambling to rescue about 1,300 passengers and crew from a cruise ship off Norway... More >>
1 hour ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 11:09:00 PM CDT March 23, 2019 in News
MOBERLY — Moberly Police said they have arrested a man who tried to escape from them. According to Moberly... More >>
4 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 8:05:00 PM CDT March 23, 2019 in News
WASHINGTON (AP) — Arkansas-based Tyson Foods is recalling more than 69,000 pounds (31,297 kilograms) of frozen, ready-to-eat chicken strips because... More >>
6 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 6:32:00 PM CDT March 23, 2019 in News
(CNN) — Sydney Aiello, who survived the 2018 massacre at Marjory Stoneman Douglas High School in Florida, has died from... More >>
7 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 4:45:00 PM CDT March 23, 2019 in News
COLUMBIA — Boone County officials have found an elderly man who went missing in Columbia, Saturday. Officials said they ended... More >>
8 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 3:56:00 PM CDT March 23, 2019 in News
SUNRISE BEACH - The smell of fresh barbecue filled the air at the Bear Bottom Resort this afternoon. The community... More >>
9 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 3:20:00 PM CDT March 23, 2019 in News
COLUMBIA - A fire broke out at the intersection of Broadway and Old Highway 63 South. The fire was... More >>
9 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 3:00:03 PM CDT March 23, 2019 in News
BOWLING GREEN — A student at Bowling Green High School died Friday after a car crash according to the... More >>
9 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 2:55:00 PM CDT March 23, 2019 in News
AUDRAIN COUNTY - The Audrain County Sheriff's Office is searching for a man wanted on outstanding felony charges. In... More >>
12 hours ago Saturday, March 23 2019 Mar 23, 2019 Saturday, March 23, 2019 12:31:00 PM CDT March 23, 2019 in News
COLUMBIA - Columbia city leaders met in a closed meeting on Friday to propose ways to build relationships between the... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 6:39:00 PM CDT March 22, 2019 in News
WASHINGTON (AP) — Special counsel Robert Mueller on Friday turned over his long-awaited final report on the contentious Russia... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 4:23:00 PM CDT March 22, 2019 in News
COLUMBIA - Parts of northwest Missouri are being evacuated following severe flooding throughout the day. Officials in St. Joseph... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 3:25:00 PM CDT March 22, 2019 in News
COLUMBIA - Two lawsuits for discrimination, filed against Columbia Public Schools and a former assistant superintendent, were dismissed Thursday. ... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 2:26:00 PM CDT March 22, 2019 in News
COLUMBIA - Police were investigating shots fired in the 1000 block of Elleta Blvd. An officer on scene said... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 1:48:00 PM CDT March 22, 2019 in News
KANSAS CITY (AP) — More towns are evacuating as the flooded Missouri River seeps over and through busted levees.... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 12:38:00 PM CDT March 22, 2019 in News
SALINE COUNTY - A Glasgow woman in jail for a probation violation died Thursday, according to a news release. ... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 11:59:00 AM CDT March 22, 2019 in News
COLUMBIA - Columbia Public Schools students will have school on the day after Memorial Day, a reversal from the previously... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 11:42:00 AM CDT March 22, 2019 in News
COLUMBIA - A federal grand jury indicted the man accused of starting a fire at Planned Parenthood on new charges.... More >>
1 day ago Friday, March 22 2019 Mar 22, 2019 Friday, March 22, 2019 10:11:00 AM CDT March 22, 2019 in News
Columbia, MO
Broken Clouds 50°
1am 52°
2am 52°
3am 51°
4am 51°