Community Corner
University Announces Plan to Build $194 Million Research Facility
State-aided initiative would allow for 1,500 additional students but require annual 8 percent cost hike over 5 years.
Stony Brook University announced its plan to build a 250,000-square-foot medical research facility as part of Governor Andrew Cuomo's SUNY2020 plan.
With a price tag of approximately $194 million, the eight-story building would headquarter the University's cancer research and care initiatives. An annual tuition hike of 8 percent, or $400 per student per year for five years, would complement a proposed $35 million economic development grant from the state to build the facility.
As a result, the university expects it could welcome 1,500 additional students, hire close to 250 faculty members as well as provide additional financial aid.
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Cuomo's SUNY2020 plan qualified each school for $35 million in capital funding – $20 million via his Empire State Development Corporation and $15 million from SUNY's construction fund.
For additional details about the proposal, go here.
