A planned residential housing project to replace aging dormitories with apartment-style residence halls at Missouri University of Science and Technology will add housing for 450 additional students and save over $35 million in deferred maintenance
A planned residential housing project to replace aging dormitories with apartment-style residence halls at Missouri University of Science and Technology will add housing for 450 additional students and save over $35 million in deferred maintenance.
The Missouri S&T residential housing project was among several projects on two of the four University of Missouri system campuses approved for debt financing by the UM Board of Curators Thursday.
The curators approved $30 million in revenue bond financing for the project.
The new facility will be constructed at the northeast corner of the intersection of University Drive and U.S. Interstate 44 near the site of Missouri S&T’s Residential College buildings.
The apartment-style facility will include a mixture of bed arrangements to allow flexibility to meet student needs and preferences.
As part of the project, the buildings in the Quadrangle Complex will be razed.
That area – a block bordered by Ninth and 10th streets and State Street and U.S. Highway 63 – will be used for additional campus parking, although it could be re-evaluated as a site for potential campus housing if needed.
The buildings in the Quad were built in the 1940s, 1950s and 1960s. In 2002, the Quad underwent an in-depth facility condition assessment (FCA) to identify deficiencies in areas such as windows, HVAC and lighting. The assessment provided a rating for the Quad through the Facility Condition Needs Index (FCNI) a nationally recognized benchmark used to compare the cost of fixing up a building to the replacement cost.
The FCNI calculates the total cost of a building’s facility needs, including renewal, deferred maintenance and adaption, and divides it by the replacement cost. Replacement is recommended for buildings with FCNI ratings of .6 or higher.
The study found the Quad buildings to have an average FCNI of .78.
To allow space for the new residential facility, the university will also raze temporary metal storage facilities that were constructed in 1945 and obtained from the U.S. Bureau of Mines when it ceased operations in 1997. Their contents will be moved into other campus storage locations. The Nagogami Apartments will also be razed to allow for the new construction. Built in 1959, the Nagogami Apartments have an FCNI of .74.
Razing the Quad and the Nagogami Apartments will reduce deferred maintenance for the university by $35,576,798.
The university has contracted with local landlords who own rental property near campus to provide housing for the students displaced by the closure of the Quad and the Nagogami Apartments until the residential housing project is completed.
A competitive process to select a design/build team to construct the facility is expected to be finalized in September 2014. Construction is expected to begin in winter 2014. The project is scheduled for completion in August 2016.