The cost for infrastructure upgrades at the University of Montana has increased by about 22% since 2019.
The price hikes are largely driven by rising costs of materials, inflation and supply chain issues, which have stalled timelines for some projects. Despite these challenges, the university has no intention to stop adding to its project list anytime soon.
“We’ve just accepted the cost of building these buildings and renovating these buildings…is just going to cost more money than it would have, had this been done 10 years ago,” said Dave Kuntz, the university’s director of strategic communications. “But we know the best time to make these investments is today and we just can’t afford to wait in some of these instances.”
Since 2019, the Board of Regents has approved over 20 projects pitched by the university ranging from a $500,000 request to create new wayfinding signage on campus to the $47 million new dining facility.
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Most projects seek to modernize facilities in an effort to recruit and retain students.
“They (students) are picking us because the mission and the academics that are offered here and just the