RUSSELLVILLE, Ark. (February 6, 2008)---The Arkansas Tech University Board of Trustees approved an issuance of revenue bonds in the amount of $1.505 million to fund renovations to student housing during a conference call meeting on Wednesday.
The revenue from the sale of the bonds will be used to renovate Campus Court, a 157-bed facility located on Aspen Lane in Russellville that was purchased by the university in 2006 to help address its need for additional student housing.
Tech has experienced a 204 percent growth in the number of students choosing to live in university housing since 1996. The on-campus student population has increased from 785 students in fall 1996 to 2,386 students in fall 2007. Thirty-two percent of the 7,480 students enrolled at Tech for the fall 2007 semester lived in university housing.
The meeting was the first for new board member Leigh Whiteside of Russellville. Chairman W.R. “Bud” Harper of Fort Smith, Vice Chairman Fritz P. Kronberger of Russellville, Secretary Dean Wilburn of Harrison and John Ed Chambers III of Danville will continue their service on the Arkansas Tech Board of Trustees in 2008.
The next scheduled meeting of the board has been moved back one week to Thursday, Feb. 28.
