FAIRBANKS, AK — The University of Alaska
is hoping for legislative approval to borrow $100 million for a growing list of maintenance and renovation projects that university officials say will continue to expand, according to the Anchorage Daily News.
The Fairbanks campus
, which has the oldest facilities in the system, needs the most work, the article noted.
The university warned of a "major utility failure" if it doesn''t get a $37 million power plant upgrade, and says another $35 million is needed to modernize the electrical distribution system, the article stated.
According to the article, the Fairbanks campus is also including sewer line repairs, new coal-fired boilers, upgraded fire sprinklers, roof replacements and a variety of energy conservation measures as part of its capital projects list.
University officials said the school needs about $50 million per year just to keep the list of needed improvements from growing. There are 45 projects on the current list, the article added.