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.
Click here to read the complete article.