After donations could not come up with enough money to help fund a new building where the Golden Toaster once stood, the money will go to renovations of the Fine Arts Center at Utah State University.
David Cowley, the business and finical vice president at USU, said that lining up the vision of the university with the vision of donors can be difficult. He says a new building could cost up to $50 million and that the money could not be gathered from donations to do so. Instead the money will go to renovations that could cost $15 million.
The university has to get approval from the state to fund any project that costs above $4 million. Each proposal competes against any other state building proposal to get backed. Once approved, the state manages and oversees the project.
Even with a lot of the funding coming from donors, the state still had to mandate the renovations.
Incentives are a large part of gaining donations. Cowley says common incentives would be naming a building after a donor, or maybe a lecture hall. There is a fine balance with offering the right incentives to achieve the desired amount of donations.
With this renovation, along with most builds on campus, no money comes out of student tuition.
"No money will come out of tuition or fees unless the student body votes on it." Cowley said.
Currently the only building that is being partially funded through student fees is the new recreational center by the field house.
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