RADFORD -- Radford University has two major building projects included in the $1.65 billion bond package for higher education proposed by Governor Timothy N. Kaine on Dec. 13.

The proposal includes $36.2 million for construction of a new building for the College of Science and Technology and $34.7 million for a new College of Business and Economics building.

“I applaud Governor Kaine’s vision for the future of the Commonwealth and for his understanding of the critical role higher education will play in that future,” said RU President Penelope W. Kyle.

Ensuring that academic programs have facilities conducive to learning is a key component in RU’s 10-year strategic plan, “7-17.” Constructing a signature building for the College of Business and Economics and a state-of-the-art facility for science, technology and math instruction would help propel RU toward its goal of becoming one of the top 50 master’s universities in the nation.

“Our mission is to transform RU into an institution increasingly known as a model for student-centered learning,” Kyle said. “To reach that goal, we need modern facilities that accommodate the learning technologies crucial to producing graduates who will be the most sought after by the nation’s best employers.”

The two university buildings would be financed through two different funding mechanisms. The building for Science and Technology would be funded through a General Obligation Bond that must be passed by the General Assembly and would require approval by Virginia voters in a November 2008 general referendum on Election Day. The College of Business building would be funded through the Virginia College Building Authority which would need General Assembly approval. If approved, the CoB project could begin in July 2008.