We have two new meeting facilities coming on line as a result of the Memorial Union East Wing renovation.  Both will be better meeting facilities than is the 109 suite.  Income analysis showed that we would lose about $5K per year in Event Services income, but gain $47K per year in lease income….a net gain of $42K per year.  The only loss of space will be for about six months during Fall and Winter Term of FY 14 while the Memorial Union East Wing is undergoing renovation.  By the end of Winter Term, the new facilities will be on line to replace the 109 suites.  The two new event spaces should generate significantly more revenue than MU 109.

Please include the funding sources for these renovations (Raising Reser dollars, building reserves, budget, working capital):  ADA Ramps, Rails and Contrasting Stairs.  The MU is working with the MUE Project Manager to scope the removal of several ADA barriers into the project.  The intent is to use the project general contractor to remove the barriers, saving cost of separate development of scope and design as well as contractor mobilization and using the project dollars set aside for ADA improvements to remove these barriers in accordance with the MU ADA Assessment report.  Project Architect is developing the scope of work to determine what barriers are included in the project and the remainder will be removed by the MU.  The scope will typically include handrail remediation and ramp and landings, while the MU scope will be to remove barriers where contrasting stairs are lacking.