Colleagues: I am pleased and honored, and in all honesty relieved to share with you that finally our culinary and events $19.8 million renovation for the historic Carnegie Library will commence in earnest next week.
On Tuesday we closed on both the New Market and Historic Tax Credits of over $5 million thanks to an extraordinarily yeoman-like effort on the part of our vice president Michael Sullivan and a team of tax credit experts from around the country. Through this effort we are bringing over $10 million dollars to our community in construction, equipment and campus IT infrastructure ($1,5 million) that could not be spent anywhere else in association with SUNY Broome and would have been spent in other communities on similar projects had we not prevailed. I want to thank VP Sullivan for his tireless efforts in bringing home a very complex funding stream to restore one of our region’s most beautiful and highly prized historic buildings. In fact Carnegie buildings are highly prized all across the nation for their historic significance, architectural beauty and near infinite lifespan.