FEMA announces financing options for flood-damaged UI buildings

The Federal Emergency Management Agency (FEMA) will finance either the replacement or restoration and mitigation of two major University of Iowa building complexes damaged in the flood of June 2008, UI President Sally Mason announced today. Those buildings include Hancher Auditorium, Voxman Music Building and Clapp Recital Hall and the Art Building East complex.

"It is important to understand that FEMA is not directing the university to replace the Hancher/Voxman/Clapp complex or the Art Building East complex," Mason said. "The university, with proper campus consultation, will examine the costs and benefits of both options and make a recommendation to the Board of Regents as soon as possible." Additional background information on the FEMA determinations will be provided to the Board of Regents at its meeting on Feb. 3 in Ankeny. [Full Story]

NOTE: Listen to an mp3 audio file of today's media briefing on the flood recovery. Or watch it when UITV broadcasts the briefing at 6:15 p.m. and 9:45 p.m. today, Monday, Jan. 26; 12:45 a.m., 10 a.m. and 9:45 p.m. Tuesday, Jan. 27; and 10:45 a.m. Wednesday, Jan. 28.