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06-25-1999

IDA Approves Bonds For New Academic Building At Clarkson

The St. Lawrence County Industrial Development Agency will be issuing bonds for approximately $14.1 million this week for two capital projects at Clarkson University. Those projects include the construction of a 92,000 square foot, three-story academic building which will house the University's schools of Business and Liberal Arts, and the construction of a 2,500 square-foot two-story outdoor lodge to be used for outdoor recreation programs.

The state-of-the art academic building will contain electronic capabilities for students and faculty to connect to the Internet from ports placed throughout the building. It will also house three centers, the Center for Excellence in Communication, the Shipley Center for Leadership and Entrepreneurship, and the Center for Global Competitiveness, designed to strengthen a Clarkson education and prepare students for global leadership opportunities.

Edmund J.Russell, Jr., administrative director of the Industrial Development Agency stated that the scholarship fund "is a reminder of St. Lawrence County's commitment to higher education and the financial needs of deserving students who reside in St. Lawrence County."

Clarkson University President Denny Brown lauded the agency for its contribution to the scholarship fund and thanked the IDA for its issuance of the bonds saying, "This action will allow Clarkson to proceed with construction of its new academic building while we continue our fundraising efforts through our $70 million capital campaign. With the assistance of the IDA, we will be able to take advantage of the construction season while we endeavor to complete our funding package for the building."

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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