Loan of 260 million puts UT on edge

The Board of Governors (CvB) has calculated that a maximum of f 260 million outside money is needed to finance all the phases of the new real estate plan. A loan of that size costs approximately f 26 million annually in interest and repayment. This money is not available and will have to be produced by the UT through extra efforts, either by gathering extra income, or by streamlining internal processes.

The necessity of implementing the real estate plan in phases is, according to the CvB, 'absolutely' essential to carry out overdue real estate maintenance, and to make the necessary modernisations to the buildings.

The plan concerns two centres: culture and recreation in the heart of the campus around Vrijhof and Bastille, and education and research, to be realised by a condensation and linking of the buildings around the CC-complex.

The CvB has determined that a total of f 400 million is needed to realise all phases of the real estate plan. Part of the plan is already being implemented (WB-building) or has been completed (BB-building), while other plans will be started shortly, like the renovation of the Bastille or establishing the mensa/restaurant in the Boerderij, which at the moment houses CenT.