Financial Information

To cover the renovation and rebuilding costs that the Student Union Initiative would approve if passed, there would be an increase in segregated fees:

Funding Sources

• $48 per semester for the first two years following the plan’s implication. Although the actual initiative will not state this because we're unable to change the wording, the Union has made this promise.
• $96 per semester after the first two years for up to 30 years. You will never pay more than $96 a semester for construction.
• Student fees are only covering up to 58% of construction costs. The rest of the money will be provided by the Union operating revenue and through private donations.

This payment schedule is slightly staggered so that students will pay less during the first few years during the design phase.

Current estimate of total costs for entire project:

• Memorial Union: $80 million
• South Campus Union: $67 million

Additional financial notes:

• The cost of making the necessary changes to renovate Union South would actually cost more than rebuilding a new and improved building
• The updates on Memorial Union are actually more expensive than those for building a new south campus union, as it needs to retain its status as a historically-preserved State landmark.

Information from ASM on segregated fees