As PECO funds dwindle, building restoration projects may be on hold
The University of Florida is searching for funding to restore buildings on campus in need of repair. The Public Education Capital Outlay, or PECO funding has been reduced, and schools may not get any money for up to a possible three-years. In the past, the University received between 30 to 80 million dollars for building construction and repairs. University of Florida Chief Financial Officer Matt Fajack says the lack of growth in Florida and more people relying on cell phones have contributed to the problem. Fajack adds the concern isn’t the inability to construct new buildings but rather maintain the ones the university has.
With the lack of PECO funding, learning environments could also take a hit. Moving forward, the committee wants to make recommendations to the board of governors, who could make recommendations to the legislature.
This entry was posted in Business
, University of Florida
. Bookmark the permalink
More Stories in Business
The University of Florida received a grant of more than $8 million to create a technology business incubator at the Florida Innovation Hub.
The Hal Brady Recreation Complex in Alachua and Champions Park in Newberry are hosting teams for the Babe Ruth League World Series. Sixty-one teams will compete in various tournament styles beginning on July 31 and ending with the championship games on August 4.
Off The Griddle is one of the food trucks in Gainesville that provide alternative dining options. Michael Musoke, owner of Off The Griddle, said the trucks cost between $20,000 to $100,000, which is less than it would to open and maintain a restaurant.
Florida’s tax-friendly laws and Gainesville’s status as a college town makes it an attractive location for tech companies.
Local restaurants reaped the benefits following the growth of Gainesville’s food truck culture. Wholly BBQ Café and Cimplify use their proximity to food truck rally locations as ways to competitively increase their customer numbers during events.