Final piece of funding for Utica University’s Science Annex in place
UTICA — A final piece of the funding mechanism supporting Utica University’s new $12.5 million Gordon Science Center Annex — a 23,300-square-foot building that houses state-of-the-art laboratory and teaching spaces — was put into place at a Thursday meeting of New York’s Empire State Development corporation meeting.
The Gordon Science Center Annex — formally completed in February 2022 — is located on the main Utica University campus, at the corner of Burrstone Road and Campion Road.
In 2019, the University was able to secure a $12 million bond to support the construction of the Science Center.
In March 2020, the University applied for ESD assistance to help bridge the funding gap and to ensure the project reached its full impact.
That commitment was set in April 2020, as the University was awarded a $1,000,000 grant to be funded through the Regional Council Capital Fund to assist in the financing of the project.
That grant was fully engaged with a unanimous affirmative vote at Thursday’s Empire State Development meeting, according to officials.
Per a resolution, “Up to $1,000,000 will be disbursed to Grantee upon documentation of construction/renovation and furniture, fixtures, and equipment project costs totaling $12,500,000, upon completion of the project substantially as described in these materials, as evidenced by a Certificate of Occupancy, assuming that all project approvals have been completed and funds are available…”
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