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Howard University Commits $785 Million to New, Renovated Buildings
Howard University in Washington D.C. recently announced a $785 million plan that will include the construction of new buildings and renovations for others.
A radio station reported that $670 million of the money will be dedicated to three new buildings. They include a health sciences complex, a STEM center and an arts and communications center.
Education and math and science buildings will be renovated as part of the plan.
The new academic buildings are the first at the university since 1984.
Bonds will cover $300 million of the costs, with 60 percent of the total money being financed by the school through philanthropic donations and developments at properties the school owns near campus.
Construction is scheduled to start in 2022 and be completed in 2026.
Dave Lubach is the managing editor of the Facility Market.
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