Tucker
Center still lacks funding
By Sarah Krebs
Staff Reporter
The
William E. and Jean Jones Tucker Technology Center is
one of many newly opened buildings on campus without
an endowment to cover operating costs, officials say.
The
Tucker Technology Center, University Recreation Center
and the Sarah and Steve Smith Entrepreneurs Hall all
add to the costs of regular cleaning and upkeep for
the entire campus, Vice Chancellor of University Advancement
Bronson Davis said.
In
all the building projects we do, we build in an endowment,
Davis said. Previously we never began construction
until we had all the project costs and until we had
an endowment, but we felt the technology building was
important for student academics and we knew it would
cost more to build it if we waited.
The
Tucker Technoloy Center originally started as an engineering
building with a fund-raising goal of $8 million from
one foundation and then became a technology and engineering
building to make the fund-raising pitch easier, which
also increased the cost to about $12.2 million, Davis
said.
We
met all goals except the endowment and since the project
lasted so long, it ran right into the recession and
we lost two commitments of $2.5 million, Davis
said.
TCU
is working on fund raising primarily for the Entrepreneurs
Hall, the recreation center, a basketball practice facility
and a number of projects like the Center for Texas Studies,
Davis said.
TCU
is going forward with development even though it is
$6 million short on the Tucker Technology Center, because
the university has built the building and absorbed the
costs, Davis said.
Jennifer
Jewers, a senior mechanical engineering major, said
focusing on other areas besides the endowment for the
Tucker Technology Center is all right.
I
think all areas of the campus deserve to grow, and since
we have the building, they should focus on other academic
areas, Jewers said.
The
Tucker Technology Center, including the deans
office, ended up costing $19 million, Davis said. Out
of the $229 million budgeted for 2004, $20.3 million
of it goes to general operating costs, utilities and
repairs, which will be burdened with the cost of operating
the Tucker Technology Center, Davis said.
It
was a very tough process, but we dont get down
to calculating tit-for-tat how we are going to compensate
for specific increases in the budget, Davis said.
To
compensate for the increase in budget, TCU instituted
a 7.9 percent tuition increase and each vice chancellor
implemented a 1 percent budget cut, Davis said.
Chancellor
Michael Ferrari said the construction costs have been
met, but that it is always more challenging to raise
money for an endowment for the building.
Weve
been trying to raise an additional sum, about 20 percent
of construction costs, for a new facility to help meet
these costs through a special endowment, Ferrari
said.
Most
buildings do not have an endowment, which puts pressure
on the general operating budget that pays for heating,
lighting, cooling, cleaning and general up-keep, Davis
said.
If
you see the building standing there, we obviously built
it, Davis said. Were not going to
stop cleaning buildings just because they dont
have an endowment.
s.d.krebs@tcu.edu
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