Northern Arizona University

President's Perspectives:

On Arizona issues

 

The Stimulus Plan for Economic and Educational Development, or SPEED, is intended to jumpstart Arizona's sagging economy by boosting the construction industry with much-needed building projects at the state's three public universities.

The SPEED legislation authorizes $800 million in financing authority for capital projects at the universities. The projects address critical renovation and building renewal needs. The initiative grants Northern Arizona University funding authority for $136 million worth of construction. Arizona Lottery revenues will fund 80 percent of the SPEED debt service, and the universities will pay 20 percent. Northern Arizona University would pay interest only on the projects for five years.

Updates
•	SPEED projects, Capital projects and Master Plan updates (Community Breakfast, March 4, 2010)
•	Northern Arizona University has revised its construction schedule of SPEED projects (Nov. 2, 2009)
•	Financial uncertainty puts SPEED projects on hold (Inside NAU, May 28, 2009)
•	More SPEED projects approved, timeline uncertain (Inside NAU, Feb. 25, 2009)
•	Nov. 13, 2008 » The legislative Joint Committee on Capital Review gave a favorable review to just two of NAU's SPEED projects. READ MORE » The Arizona Board of Regents announced university and ABOR staff will not participate in the Joint Committee on Capital Review hearing today. The regents have expressed concerns with the JCCR's process of reviewing the SPEED projects. READ MORE
•	SPEED construction projects at NAU
•	SPEED Q & A

News
•	Liberal Arts renovation delayed until May (Inside NAU, Oct. 8, 2008)
•	Expect some disruption with construction (Inside NAU Extra, September 2008)
•	Chamber backs construction stimulus plan (Inside NAU, May 2008)
•	NAU building plan takes legislative flak (Arizona Daily Sun, May 2008)
•	Group pushes for city's support to fight 'education crisis' (Yuma Daily Sun, May 2008)
•	University presidents lobby for capital project money (KMSB-TV, April 2008)
•	Arizona Board of Regents ask for $1.4B stimulus plan (Inside Tucson Business, May 2008)
•	Campus-upgrade plan gains key supporters (Arizona Republic, April 2008)
•	Regents lobby for capital project money (Arizona Daily Sun, April 2008)
•	Economic plan: Fix up colleges (Arizona Republic, April 2008)
•	NAU 'stimulus' plan seems too ambitious (Arizona Daily Sun, March 2008)