Home Breaking News

Share this: Share on FacebookShare on LinkedInTweet about this on TwitterShare on Google+Share on TumblrPin on PinterestDigg thisShare on RedditShare on StumbleUponEmail this to someone
Pictured above Edinburg Mayor Richard García and Dr. Guy Bailey, the president of UT-RGV

Pictured above Edinburg Mayor Richard García and Dr. Guy Bailey, the president of UT-RGV

By David Diaz

Texas Border Business

A plan to build a $42.5 million Interdisciplinary Engineering and Academic Studies Building at the Edinburg campus of The University of Texas-Rio Grande Valley will be considered on Thursday, July 10, in Austin by the UT System Board of Regents, the Edinburg Economic Development Corporation, led by Edinburg Mayor Richard García, featured left, has announced.

This project would create an additional 124,304 GSF (gross square feet) with 80,798 assignable square feet of much needed space. The spaces will include a large lecture auditorium with a 250-seat capacity, several 150-seat lecture halls, 60-seat classrooms, and about 200 faculty offices,” according to a UT System synopsis. “The project will also include an outdoor pavilion to be used as a gathering area and study space to relieve pressure on more expensive indoor space and also to support academic events.”

The $42.5 million complex in Edinburg is part of a package of proposed major renovations or new facilities at nine UT System campuses, totaling more than $1.5 billion, that also would include UT-Arlington ($310 million), (UT-Austin $205 million), the Brownsville campus of UT-RGV ($155.5 million), UT-Dallas ($194 million), UT-El Paso ($235 million) UT-Permian Basin ($68.4 million) UT-San Antonio ($157.5 million), and UT-Tyler ($76 million).

Most of the money for the new construction and renovations would come from tuition revenue bonds, which is money generated from tuition charges levied against students or universities.

As more students are enrolled, more money is generated that is used to repay the debt from tuition revenue bonds. The Texas Legislature in 2015 must authorize the issuance of tuition revenue bonds. Dr. Guy Bailey, the president of UT-RGV, is also featured in this photograph, taken on Wednesday, July 2, at the Edinburg Conference Center at Renaissance as part of an appearance by Texas Speaker of the House Joe Straus, R-San Antonio. Photograph by Mark Montemayor

South Texas College Online
South Texas College Online
South Texas College Online
South Texas College Online

Facebook

Twitter

LinkedId

Google Plus

Follow Me on Pinterest
  • HOMERO RIVAS

    Pinned: 1 Apr 2015
  • Dr. Umang Khetarpal

    Pinned: 1 Apr 2015
  • LUIS RIOS

    Pinned: 1 Apr 2015
  • OBESITY SUMMIT PARTICIPANTS

    Pinned: 1 Apr 2015
  • Dr. Tommy Yee

    Pinned: 1 Apr 2015
  • L-R front row: Diana Smith and Preteen Galaxy 2015 – Rylie Barnett; back row: Isaac Smith, Ben Smith, Danny Smith, CEO/President and owner of Matt’s Building Materials; and Jeremy Smith; Luis Mancillas, Operations Manager; and Oscar Sandoval, CFO; Grandson Ruben Perez is not shown.

    Pinned: 31 Mar 2015
  • McAllen Mayor Jim Darling said, “Over the last few years we have concentrated on making it easier for businesses to open and operate in McAllen with our new development center, streamlined processes and additional personnel dedicated to growing our retail sector,” said Darling. “This is big. This shows we are making progress and local and national retailers are picking McAllen. Shoppers are responding.”

    Pinned: 31 Mar 2015
  • Left to Right: Front row seated: newly elected Governor of Texas Greg Abbott flanked by State Senator Juan “Chuy” Hinojosa on the left and Senator Eddie Lucio, Jr. on the right. Middle row standing Left to Right: Rep. Wayne Faircloth, Rep. Rick Miller, Rep. Oscar Longoria, Rep. Dan Flynn, Rep. Bobby Guerra, Rep. Terry Canales, Senator Sylvia Garcia, Rep. Poncho Nevárez, RGVP Julian Alvarez. And back row standing: Rep. John Wray, Rep. Eric Johnson, and Rep. Travis Clardy.

    Pinned: 30 Mar 2015
  • EMBASSY RENDERINGS

    Pinned: 26 Mar 2015
  • Manolo Sánchez, BBVA Compass Chairman & CEO, is a different banker that understands banking from different perspectives. He is recognized as a top banker in the industry, and leads a unique team of professionals. That is why BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market.

    Pinned: 24 Mar 2015

Subscribe FREE with your email!

Your Information will never be shared with any third party.

If you are already subscribed, click here to close this window.

Meet the most interesting people in business; enjoy reading their inspiring stories. No other local publication will give you more on the movers and shapers of the area.
Read about Local Business, Economic Development, and Higher Education. Texas Border Business is your connection to your community!

  • This publication is offered in Newsprint, Desktop, iOS and Android.
  • You can also download our FREE iOS app directly from the Apple store and our FREE Android app from the Google Play store.
  • Texas Border Business can be shared easily using many platforms: LinkedIn, Twitter, Facebook, Google+, Tumblr, Pinterest, Digg, StumbleUpon, Reddit, Pocket.