Bonding money to help University of Minnesota advance science with new Physics and Nanotechnology building
MINNEAPOLIS / ST. PAUL (07/20/2011) —The University of Minnesota will receive $88.8 million from the bonding bill signed by Gov. Mark Dayton today. The projects funded by the bonding aid the University of Minnesota on three important fronts: the advancement of science; the completion of the Light Rail Transit construction; and the overall health of the infrastructure of our campuses system wide.
“The $51.3 million from the state for the new Physics and Nanotechnology building is a giant step forward for the state and the university,” says University of Minnesota President Eric Kaler. “It will help the university keep pace with the rapid global innovation in these fields and it secures the state of Minnesota’s position as a leader in these ever-changing cutting-edge technologies.”
From the beginning, the impetus for the new Physics and Nanotechnology building has involved a strong public-private partnership.
“We are thankful to the business community for their support of this project at the Capitol. As the university will be contributing almost $26 million to the new facility, we look forward to working closely with the business community as this project moves forward,” Kaler says.
The $12.5 million sharing of the Central Corridor LRT construction is also critical to the university and its research here. As part of the LRT plan, the Met Council agreed to help the university pay for the necessary mitigation of vibration and other interference involving important labs on campus.
“We are thankful the state has lived up to its part of the bargain, and we will contribute our share of $12.5 million,” he says.
The HEAPR funds are crucial to help keep the university's buildings and water systems safe and up-to-date on many of its campuses. “Preserving our infrastructure now will mean savings in the future,” Kaler says.
“I am especially thankful to Governor Dayton for his strong and continuing support of the university and I want to thank legislative leaders for recognizing the importance of these projects.”
While the university is grateful for the bonding support from the state, Kaler says he is disappointed that the American Indian Learning Resource Center on the Duluth campus and the improvements at the Itasca Biological Station were not funded.