University of Michigan board of regents meeting (Dec. 17, 2010): Only two regents were physically present at Friday’s board meeting, which had been rescheduled from Thursday so that university officials could attend the funeral of Mark Pescovitz. The husband of Ora Pescovitz, who leads the University of Michigan Health System, died earlier this month in a car accident.
University of Michigan president Mary Sue Coleman, chairing the Dec. 17 board of regents meeting. (Photos by the writer.)
Despite some logistical challenges presented by a conference call format – which allowed the other regents to participate remotely – the board dispatched with its last meeting of 2010 in 20 minutes. They approved the schematic designs for two major building projects: a renovation of the Alice Lloyd Hall student dorm, and an addition to the G.G. Brown mechanical engineering building. Regents also authorized the university to guarantee a portion of the debt to be incurred by Merit Network, a nonprofit that provides Internet services for research, government and educational entities. The debt is related to a $102.9 million federal stimulus grant awarded to Merit.
As an information item, the regents received an annual report on leases that the university holds for space over 50,000 square feet. Tim Slottow, UM’s chief financial officer, reported that leased space compared to a year ago is essentially flat. While some units have moved out of leased space and into the North Campus Research Complex – the former Pfizer site – other leases have expanded. [Full Story]