WKU’s Board of Regents on Friday authorized a $37 million bond issue to finance construction of the International Center/Honors College building and the third phase of the Downing University Center renovation.
Of the $37 million, $22 million would finance the new International Center/Honors College building while $15 million will go to the student center renovation.
The Board also approved $7 million in bonds to refinance an older bond issue, if the rates are favorable and would save the University at least 5 percent. The Board authorized Treasurer Ann Mead to accept the lowest bids and award the bonds.
In other business, the Board:
*Approved the purchase of property at 1590 Normal St. for $950,000 plus closing costs. The site will be used for the new Honors College/International Center building.
*Swore in Student Regent Keyana Boka, a senior biology major from Bowling Green.
*Recognized Regent Jim Johnson of Bowling Green, whose term has expired, and immediate past chair Frederick Higdon of Lebanon.
*Approved the creation of the Center for Financial Success in the Gordon Ford College of Business. The mission is to aid the University and regional community by sharing knowledge and expertise on a wide range of financial planning and literacy topics through a financial counseling, community outreach and partnership and professional development programs.
*Appointed Kam C. “Johnny” Chan and Claus Ernst as University Distinguished Professors. Dr. Chan is the Leon Page Endowed Professor in Finance. Dr. Ernst is a mathematics professor.
*Approved amended employment contracts with Ray Harper, head men’s basketball coach, and Michele Clark-Heard, head women’s basketball coach.
*Approved a kitchen and bath undergraduate certificate in the Department of Family and Consumer Sciences.
*Approved consolidating the Department of Professional Studies, the Department of Interdisciplinary Studies and the School of Leadership Studies into the School of Professional Studies within the University College.
*Approved changing the name of the Office of Graduate Studies and Research to The Graduate School.
*Approved the creation of a Center for Faculty Development in the Division of Extended Learning and Outreach.