CONWAY, SC (WMBF) - Coastal Carolina Board of Trustees approved many proposals at its meeting Friday.
First, the acquisition of the 54-acre University Place housing, which "will result in significant financial benefits for the university."
The board also approved an eight-year lease in downtown Georgetown from Georgetown County for $147,000, according to a news release.
Funding for the office and dock space will be provided by the Georgetown Advisory Board.
Nearly 200 feet of dock space for CCU's new research vessel, the Coastal Explorer, and other marine science vessels, as well as office space at 908 Front St. that will be used for science instruction and for Osher Lifelong Learning classes, the release states.
The board also approved leases for office space off campus in the Atlantic Center as well as for an apartment in Myrtle Beach for visiting international faculty members.
A more than $5 million increase in budgets for two renovation projects were approved.
The budget for the scheduled Smith Science Building renovation will increase from $4.1 to 6.5 million. The increase to the original budget from 2006 is necessary in order to meet new code requirements and LEED certification as well as equipment additions, the release states.
An 8,000-square-foot facility is scheduled to replace the University Place dining facility. The existing structure will be demolished to build the dining hall slated to seat 100 to 125 students.
The price tag on the project increased from $1 million to $4.7 million.