The plans coincide with UF’s goal to become top-5 public university. A top-5 university has top-5 facilities and a top-5 campus, according to UF administrators. But getting there will be costly.
The preliminary cost to transform the university, in terms of facilities and campus look and feel, to UF’s top-5 standards is projected at about $2.2 billion over five to 10 years.
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First on the plan is to address the university’s housing situation. UF’s housing plan puts emphasis on the importance of creating a world-class honors college, while also addressing a need for renovations at UF’s existing dorms. The projected costs are $410 to $485 million.
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Also in 2023, UF plans to demolish Rawlings Hall, a 352-bed dorm, and start renovating Beaty Towers east. UF says renovating the existing building will cost about 65% of the tab for new construction.
Within 10 years, UF plans to renovate Beaty West, Yulee Hall, Mallory Hall, Fletcher Hall and Sledd Hall. It also plans to demolish Trusler Hall and Simpson Hall.
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Lane conceded that $2.25 billion is “a lot of money,” but noted that UF operates on a budget of $6 billion a year. Therefore, paying more than a billion dollars over the course of five years isn’t insurmountable.
“I don’t think there should be a sticker shock here,” he said.
https://www.gainesville.com/news/20190615/uf-has-plans-for-22b-in-projects-in-next-10-years
Over the last 10+ years, UF has become much more selective in admissions. Over the last few years, and over the next couple of years, UF is recruiting faculty. The third leg in the stool, that UF is built on, is facilities. This article lays out the high level plans for the next 10 years.