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May 26, 2016

$11.7M in capital budget additions recommended

The Board of Trustees budget committee has endorsed an additional $11.7 million in fiscal year 2016 capital budget project spending.
Reflecting earlier action of the board’s property and facilities committee (see April 14 University Times), the budget committee on May 24 recommended that the full board approve:

•  $5.3 million for interior renovations at the Cost Sports Center, including replacement of the playing surface that is used by Pitt
intramural teams, club sports and the varsity track and field, baseball, softball and soccer teams.

• Nearly $4.55 million for renovations and mechanical upgrades on the 12th floor of the Cathedral of Learning.

• An additional $300,500 for the replacement of high voltage electrical equipment at the Chevron Science Center. Trustees previously approved $2.5 million in funding; the total project cost now is over $2.8 million.

• An additional $1.56 million for the Space Research Coordination Center exterior and roof renovation project. Trustees previously had approved $1.05 million as part of the FY14 capital budget, said Arthur G. Ramicone, senior vice chancellor and chief financial officer.

The additional funding will be used to rebuild chimney structures that were found to be structurally deficient. The total project cost now is $2.6 million.

The Board of Trustees is scheduled to meet June 24.

—Kimberly K. Barlow 

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