Wichita State University took another step toward creating a new innovation campus when bond sales for a new experiential building were finalized this week, the university announced Tuesday.
WSU in a prepare statement said the Sedgwick County Public Building Commission has issued revenue bonds totaling $44.945 million on behalf of the university’s board of trustees. The bonds are guaranteed by a 40-year Sedgwick County mill levy that supports WSU, according to the university statement.
The university hopes to start construction later this year, using the money to build the Experiential Engineering Building, with laboratories and an attached Maker Space for innovators. The money will also help build roads, parking lots and utilities around the site.
The new building will go up along 17th Street west of Oliver, on the site of what used to be Wheatshocker Apartments, the university said.