Morgan State University failed to get the $102 million in state money it needed this year for the construction of a science center, leaving school officials wondering how they will deal with a funding gap and the project’s soaring costs.
Construction of the university’s flagship project will be delayed a year because the project received only $22.9 million in the state’s Fiscal Year 2025 capital budget. The entire project is now expected to be completed by 2028 and is slated to receive $264 million in state funding over five years. That’s not enough to make up for huge cost overruns that have increased the project’s price tag to $342 million from the original $150 million projection.
Morgan State President David Wilson addressed the funding shortfall at two Morgan State Board of Regents meetings this month. He balked at the idea of constructing a building only to leave much of it unfurnished because of a lack of money but said that the project would move forward even if the institution did not get additional state funds.
Click here to read the rest of the article written by Matt Hooke over at Washington Business Journal
