Virginia Tech’s Board of Visitors meets Sunday and Monday and will consider a $1.66 billion budget for 2019-20 — a $102.2 million increase over the this year’s budget.
In the proposal, about $900 million is earmarked for educational and general expenditures, with the rest going to capital projects and fee-based services such as student dining and housing.
Board members are also scheduled to receive updates on Tech’s $1 billion proposed Innovation Campus in Northern Virginia and the Fralin Life Sciences Institute, which the university announced will absorb its Biocomplexity Institute over the summer.
On the agenda, too, is an update on the university’s strategic plan framework and an enrollment update as the university deals with its largest expected freshman class.
Also, the board will vote to approve a number of construction projects including:
• The Global Business and Analytics Complex residence halls, which will house 700 students and space for the Cranwell International Center. Occupancy is planned for no later than summer 2023. The project is slated to cost $84 million.
• The new Corps Leadership and Military Science Building will be 75,500 square feet. The building will be located near Lane Hall on the Upper Quad and will house ROTC and Corps of Cadets programs as well as classroom, administrative, programming and academic office space. The project is slated to cost $52 million.
• Demolishing Femoyer Hall and constructing a new 300-bed dorm in its place. The board approved $33 million to demolish Femoyer and design and construct the New Upper Quad Residence Hall.
Tech officials are also requesting approval of an accelerated master’s degree in computer science and applications to begin in spring 2020. The program would be concentrated in Northern Virginia, primarily at the new Innovation Campus. It would need to be approved by the State Council of Higher Education for Virginia and the Southern Association of Colleges and Schools.
The board will not receive public comment during its meeting.