Thursday, February 28, 2008
Looking good
Jon Wiener, principal of the SRG Partnership architectural firm, sent along some renderings of the second wing today. I'll post the most visual here. I also have some blueprint-type diagrams. It's wonderful to envision what the future holds.
Wednesday, February 27, 2008
Being in the money doesn't mean we have all we need
Yesterday's post may have misled some readers to believe that we are finished fundraising.
The reality is that we have fulfilled our financial need from the State of Oregon toward construction. For the first wing of the Center, OIT received a $10 million Article XI-F bond for construction. Toward the second wing, we received $9 million total ($5.5 in the 2007 Legislative Session and $3.5 in the February 2008 Special Session) in Article XI-G bond funding.
What's the difference between an F bond and a G bond? An F is fine, but you have to pay it back to the state. The G is great, because it does not have to be repaid.
The Prescription for Oregon capital campaign continues, as we still need funding for equipment and other expenses.
To visit the Center's Web pages, click here.
The reality is that we have fulfilled our financial need from the State of Oregon toward construction. For the first wing of the Center, OIT received a $10 million Article XI-F bond for construction. Toward the second wing, we received $9 million total ($5.5 in the 2007 Legislative Session and $3.5 in the February 2008 Special Session) in Article XI-G bond funding.
What's the difference between an F bond and a G bond? An F is fine, but you have to pay it back to the state. The G is great, because it does not have to be repaid.
The Prescription for Oregon capital campaign continues, as we still need funding for equipment and other expenses.
To visit the Center's Web pages, click here.
Tuesday, February 26, 2008
We're in the money
The Oregon Legislature Friday approved the $3.5 million Article XI-G bond needed to complete construction on the Dow Center.
Thanks go out to Senator Doug Whitsett, Representative Bill Garrard and Representative George Gilman for their continued support on this project.
We will be able to have occupancy of the second wing in Fall 2009.
Visit OIT's CHP Web site here.
Thanks go out to Senator Doug Whitsett, Representative Bill Garrard and Representative George Gilman for their continued support on this project.
We will be able to have occupancy of the second wing in Fall 2009.
Visit OIT's CHP Web site here.
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