New USD Medical School building receives Board of Regents approval At its March 18 meeting, the South Dakota Board of Regents approved plans for the new medical school building at The University of South Dakota in Vermillion.
With university officials confident that they will raise the remaining $500,000 needed to fund the project, approval means that there will be a new medical school building in 2008.
University of South Dakota President James W. Abbott said he is pleased with the progress on the new building and grateful to the regents for their support.
"In just a few years, medical students at USD will have a new building that will match the high-quality education they receive at the university," Abbott said.
The Board of Regents approved the program plan for the School of Medicine building project last May. The architectural firm of Koch Hazard Baltzer was selected as the project architect and they recently completed the design, provided schematics, and submitted a more current cost estimate of $32,068,437.
USD has already secured $31,564,399 in funding with $12.5 million coming from HEFF, $7,975,040 from federal grants, and $11,089,359 in private gifts which were formally pledged by The University of South Dakota Foundation at its meeting in early March. That leaves only $504,038 to be raised, which the university and the foundation will continue to work toward.
With Board of Regents approval received, asbestos abatement and demolition will take place this spring and summer, with a construction contract awarded in the fall. The first construction phase will span nearly two years and the second phase one and one-half years. The project will be completed in 2008.