CORVALLIS, Ore. –- The Oregon State Legislature approved capital request for an Oregon State University-Cascades branch campus in Bend, Monday.
OSU’s a step closer to establishing a physical campus after the state legislature approved $16 million in general fund backed bonds for the acquisition or renovation of classroom and office facilities.
The general fund bonds will be matched with $4 million in philanthropic support and $4 million in campus supported bonds.
The new bonds enables OSU-Cascades to take a step towards expanding student enrollment by 3,000 to 5,000 students by 2025. The expansion will help OSU meet state educational attainment goals for 40 percent of Oregon residents to have a bachelor’s degree by 2025.
“This is a significant moment in OSU-Cascades’ history,” said Becky Johnson, Vice President for OSU-Cascades. “We appreciate the governor’s initiative and the state legislature’s investment in the educational, economic and cultural future of Central Oregon.”
OSU-Cascades officials are partnering with the City of Bend and Deschutes County to evaluate possible locations and impact on the community.