Issuer Type: Public Higher Education
General Obligation Debt Service Commitment
Special Obligation Student Fee Revenue
On behalf of the University of Connecticut and its students and faculty, I want to thank you for your interest in UConn Bonds. Your investment in our community provides critical funding for hundreds of infrastructure projects that will help our campus continue to grow and be a vibrant place to study, live and work. We are committed to our investors to focus on maintaining our bond rating at as high a level as possible. We are also committed to being as transparent as possible, and our new, dedicated investor website embodies that commitment. Please use this website as a tool to learn more about the credit fundamentals of our university, and please feel free to contact me with suggestions on how we can be even more transparent.
Scott Jordan, Executive Vice President for Administration and Chief Financial Officer
Construction is underway for UConn's dynamic new three-story 191,000 square foot Student Recreation Center. The Design Phase began in October 2015 with considerable input from students, staff and the Student Advisory Committee. The project is currently in the Construction Phase, with work beginning in May 2017, and scheduled for completion in the summer of 2019.
The planned facility includes approximately 30,000 square feet of fitness space, a four-court gymnasium, two multipurpose activity courts, an indoor running track, an aquatics center with a 25-meter pool and a recreational pool, a climbing center, racquetball courts, an outdoor recreation center and functional training and multipurpose rooms for use by the students and the UConn community.
The new recreation center will cost approximately $75 million to construct ($100 M project cost) and will be located on Hillside Road across the street from the UConn Bookstore, on land previously occupied by the Connecticut Commons residence halls. The project conforms to Connecticut High Performance Building Code regulations and will be registered as a LEED GOLD project.
The University of Connecticut is one of the top public research universities in the nation, with more than 30,000 students pursuing answers to critical questions in labs, lecture halls, and the community. Knowledge exploration throughout the University’s network of campuses is united by a culture of innovation. An unprecedented commitment from the state of Connecticut ensures UConn attracts internationally renowned faculty and the world’s brightest students. A tradition of coaching winning athletes makes UConn a standout in Division l sports and fuels our academic spirit. As a vibrant, progressive leader, UConn fosters a diverse and dynamic culture that meets the challenges of a changing global society.