howard university

Howard University To Invest $785 Million in new Buildings and Renovations

/

Howard University will spend $785 million on new construction and building renovations, the largest real estate investment in the school’s history, officials announced today.

For the first time since 1984, Howard will be constructing new academic teaching centers on its campus. The majority of the funds ($670 million) will be used for the construction of new state-of-the-art multidisciplinary academic buildings, including the Health Sciences Complex, the Center for Arts and Communications, and the STEM Center.

The remainder of the investment will go toward major renovations to existing facilities on campus, including the Myrtilla Miner Building, which will house the School of Education and the Howard University Middle School for Mathematics and Science. These new construction projects are slated to begin this year and are expected to be completed by 2026.

“This is a watershed moment in the history of our institution,” said Wayne A. I. Frederick, president of Howard University. “Thanks to the caliber of students we have enrolled, the illustrious faculty we have assembled, the dedicated staff we have hired, the committed alumni base we have cultivated, and the tremendously enhanced financial posture we have worked so hard to achieve, the state of the University has never been stronger. Now is the time for us to take decisive action for the future of our institution. We are poised to leverage the strength we possess in the present moment to solidify Howard’s status as one of the preeminent institutions of higher education in the country. The steps we are taking today will be validated by the world-changing work of our students, faculty and alumni and by the essential service Howard will provide to communities in need.”

For financial and logistical reasons, the University cannot initiate all necessary and desired construction projects at the same time.

“Major construction initiatives on college and university campuses requires years of planning. We have to strategically prioritize which projects to undertake based on numerous factors, both internal and external. The fact that we are now positioned to move forward with three large-scale new construction efforts in addition to major renovations speaks volumes to the administration’s long-term vision and execution,” said Rashad Young, senior vice president and chief strategy officer. “These capital projects are going to dramatically accelerate our ability to achieve the goals we outlined in the strategic plan. With these new buildings, we will further enhance academic excellence, inspire new knowledge and serve the community.”

Read the full statement here.

Related: Howard University Alumni owned businesses

 


Subscribe and Follow SHOPPE BLACK on Facebook, Instagram &Twitter

Leave a Reply

Your email address will not be published.

Latest from All Posts