Notification of Board of Trustees Actions
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February 24, 2021 Special Board of Trustees Meeting
During a Special Board of Trustees meeting, held virtually via Zoom on February 24, 2021, the Board approved the following action:
Authorization Portland Commons and Career & Student Success Center, USM
The Board of Trustees authorized the University of Maine System acting through the University of Southern Maine to increase the authorized expenditure for the development of the Portland Commons residence hall and the Career and Student Success Center building by $93,700,000; And the Board authorized the increase in square footage of approximately 222,000 gross square feet. Funding for these buildings to come from University financing, University issued bond, Voter approved General Obligation Bonds and private Philanthropy.
The Board directed System leadership to incorporate into its ongoing monitoring of System and campus performance metrics a means of monitoring and reporting to the Board on the success of this very significant investment. Specifically, the Board requested that System leadership use data related to the purposes of the project to recommend appropriate baseline metrics and associated KPI’s for Board approval concerning areas such as USM’s enrollment, retention, third party partnerships, expansion of experiential learning opportunities, job placement and career development, and financial performance.
Date of Next Meeting
The next meeting of the Board of Trustees will be held on March 22, 2021, via Zoom.