LUBBOCK - A first stage design budget of $2.21 million was approved by the facilities committee of the Texas Tech Board of Regents, the first step in building a new $77 million experimental sciences building.
Funding for the 150,000-sf experimental sciences building, known as ESB II because the first ESB was completed in 2006, will be covered by $70 million from the Texas Legislature’s authorization of a tuition revenue bond, as well as $7 million in revenue finance system funds to be repaid by Higher Education Assistance Funds.
President M. Duane Nellis said the building will be a state-of-the-art facility and a major investment.
The new laboratories and facilities for interdisciplinary work should allow the university to retain faculty and to attract additional faculty, he said.
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