Oklahoma State University Regents approve design, construction enhancements to Monroe Street
Friday, December 3, 2010
(LANGSTON, Okla. – December 3, 2010) – The OSU/A&M Board of Regents today approved the consultant selection processes to assist the university in the design and construction of the rebuilding of Monroe Street on the campus of Oklahoma State University in Stillwater.
Monroe Street between Hall of Fame Avenue and University Avenue is one of the main routes through the Stillwater campus and is heavily traveled by vehicles, bicycles and pedestrians. The street needs major repairs, has drainage problems and is inadequate to handle the current traffic load.
The plan is to not only upgrade the street but also enhance it and make it more pedestrian friendly. These enhancements will include a plaza in the area that is shut down when classes are in session.
According to an engineering firm condition report, the project will require a $3 million budget. Funding will come from capital funds and Section 13 monies that are allocated through the Oklahoma State Regents for Higher Education.
In addition to the above actions, the Board of Regents also approved the submission of five projects totaling $37 million to the Oklahoma State Regents for Higher Education’s Master Real Property Lease Program (MRPL) 2011.
The MRPL program offered through the OSRHE provides financing to higher education institutions for real property. The program creates a more convenient and less expensive way for institutions to borrow funds because it allows the institutions to combine multiple projects in a single bond issuance.
The projects approved today include: Colvin Center Annex Renovation ($4 million), Parking Garage Construction ($7 million), Library Storage Facility ($8 million), Postal Plaza Renovation ($6 million) and OSUIT Student Housing Acquisition ($12 million).
Oklahoma State University is a modern land-grant system that cuts across disciplines to better prepare students for success. Oklahoma’s only university with a statewide presence, OSU improves the lives of people in Oklahoma, the nation, and the world through integrated, high-quality teaching, research and outreach. OSU has more than 35,000 students across its five-campus system and more than 23,000 on its Stillwater campus, with students from all 50 states and 118 nations. Established in 1890, OSU has graduated more than 200,000 students who have made a lasting impact on Oklahoma and the world.