University Stops Energy Projects to Balance its Budget
The University of Iowa halted three energy upgrade projects due to budget concerns, reports The Gazette. College finance executives said the projects would have prevented them from balancing their budget appropriately.
Energy efficiency upgrades will not be moving forward at the Lindquist Center, the Carver Biomedical Research Building, and the Biology Building. The university is proceeding with two energy conservation projects this summer: the Hardin Library for Health Sciences and the Medical Education Building.
The contractor for the energy upgrades at the three buildings – Apex Construction of Iowa City – had to scramble to find summer work for its employees in order to avoid layoffs. The company estimates the value of the lost work this summer at around $80,000.
Photo of University of Iowa via Shutterstock
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