A CBN e-Headline news report on Tuesday listed the price tag incorrectly on the potential expansion of the OSU-Cascades campus. According to Senator Chris Telfer the $16 million represents only the state assisted amount that could be requested from OSU to expand the campus. The $16 million in state support would be supplemented by private donations and borrowing to support the anticipated cost of expanding the campus to support 4-year programs.
Senator Telfer reports that she is in the process of working with OSU and OSU-Cascades on solutions to finance the purchase of additional buildings in an effort to continue the campus expansion. This would have a significant impact to Central Oregon, Oregon’s economy, and further the vision for improving education in our state at a fraction of the cost for other expansion options Telfer pointed out.
“Rather than borrow $16 million in lottery funds, I’ve suggested we make use of a fraction of the $660 million we know the state has, leaving the lottery dollars for other state needs,” explained Telfer.
“With little room for growth on Oregon’s existing campuses, this expansion would position OSU Cascades to provide the capacity for fulfilling the state’s goal of sending 40 percent of its high school graduates on to four-year universities,” Telfer said. “By purchasing existing buildings, we can save on the cost for new construction and inject vitality into Central Oregon’s real estate market. Plus, an additional 5,000 students, faculty members and other personnel brings a significant boost to our economy.”
