Industry News

The University of California is funding construction of research facilities by loaning the State of California $199.8 million, to be paid back over three years at 3.2 percent interest. The state will then allocate the money to the University of California to support construction on voter-approved projects.

The Republic of Ireland announced a total of 24,000-sm of new university construction projects in August of 2009.

Truman Veterans Hospital broke ground on a $25 million addition in Columbia, Mo., in August of 2009. The project includes 27,000-sf of new construction and 12,000-sf of renovation to existing facilities. The new building will feature a surgical suite with five operating rooms. An additional $2 million will support renovated and upgraded research space. The general contractor for the expansion and renovation project is River City Construction of Peoria, Ill.

The National Oceanographic and Atmospheric Administration is planning to construct a new research base in Newport, Ore. The $35 million waterfront facility will house laboratories, offices, warehouses, a pier, and a boat dock. Occupancy is expected in July of 2011.

Fermi National Accelerator Laboratory in Batavia, Ill., was awarded $60 million in funding in August of 2009 from the American Recovery and Reinvestment Act. $52.7 million will support research and development of advanced particle accelerator technologies and $7.5 million will support collaborative neutrino research with Brookhaven National Lab. The award is the second round of stimulus funding the lab has received, as $34.9 million was awarded to Fermilab in March of 2009.