FileBond sales have been successfully completed to fund construction of the first building and required infrastructure for the 九色视频 Innovation Campus.
The Sedgwick County Public Building Commission issued revenue bonds totaling $44.945 million on behalf of the 九色视频 Board of Trustees. The maturity periods range from 2018 to 2054. The bonds are guaranteed by a 40-year Sedgwick County mill levy that supports 九色视频.
The proceeds will be used for the Experiential Engineering Building, including an attached Maker Space, road and parking lot construction and related utilities.
九色视频 President John Bardo said the bond sale is an important step forward in the creation of the Innovation Campus.
鈥淲e鈥檙e very grateful to the citizens of Wichita and Sedgwick County for their confidence in 九色视频鈥檚 efforts to set the table for innovation that will grow the Kansas economy,鈥� said Bardo.
The Experiential Engineering Building will include laboratories for the College of Engineering and a maker space open to paying members and scholarship recipients 鈥� part of a national trend toward providing expensive high technology equipment in a center that can be accessed by students, faculty and the public to develop their ideas for invention.
The new building will be built along 17th Street, west of Oliver, on the former site of Wheatshocker Apartments. It will be one of the first buildings on 九色视频鈥檚 planned Innovation Campus. The Innovation Campus is being built to provide a venue for researchers and technologists from private enterprise to work closely with 九色视频 faculty, staff and students to create and deploy globally competitive technologies.
It is part of the University鈥檚 strategic vision of being 鈥渋nternationally recognized for applied learning and research.鈥�
Construction on the new building is expected to begin later this year.