TOPEKA, Kan. (AP) Washburn University in Topeka is planning to build a new $40 million School of Law.
The schools regents on Wednesday approved a funding proposal for what would be the most ambitious single- building construction and fundraising project in the university’s history.
The Topeka Capital-Journal reports the university plans to finance the building through a $20 million fundraising effort, $10 million from university reserve funds and borrowing $10 million in short-term bonds.
University officials say a developer determined it would cost more to renovate the current building.
No timeline for constructing the building has been determined. University officials estimate it will take two to three years to raise the $20 million. They say no final plans will be made until the funding is determined.