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Investors - JUNE 18, 2019

Wisconsin lawmakers approve $1.1b for university repairs

by Andrea Zander

The Wisconsin State Legislature’s Joint Finance Committee voted to approve more than $1 billion for building renovations and repairs throughout the University of Wisconsin system (UW System), Wisconsin Public Radio reported.

The Republican-controlled state budget committee cut Democrat Gov. Tony Evers’ request for the university’s 2019–2021 capital construction program by $600 million.

Approved UW System projects include $130 million for a new chemistry building at UW-Milwaukee, $128 million for additions and renovations to the veterinary medicine school at UW-Madison, and $109 million for a health-science building at UW-Eau Claire.

Outside of the UW System, the committee approved the governor’s project proposals for Military Affairs, Veterans Affairs and the Wisconsin Historical Society. They also approved $100 million for a Medical College of Wisconsin cancer research facility.

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