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The Mississippi Institutions of Higher Learning Board of Trustees approved a budget increase from $5 million to $18.7 million for construction of a new south entrance road into MSU during its meeting Thursday in Jackson.
The new budget for the south entrance road also adds a new funding source: $15.2 million of Mississippi Department of Transportation funds, augmenting $3.5 million of state funds designated for MSUâ€™s use. IHLâ€™s agenda says Neel-Schaffer, Inc. issued the $5 million cost estimate when the firm was appointed for the project in 2009, and the new budget is updated to reflect more accurate market costs. Kyle Steward, executive director of external affairs at MSU, said IHL and MSU had anticipated at the time that the budget would need revision.
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