10-7-15 ripon college receives major loan

Ripon College is receiving a fixed-rate low interest loan from the U.S. Department of Agriculture (USDA) Rural Development Division to help finance the cost of renovating and expanding the J.M. Storzer Athletics, Health and Wellness Center.  The $14 million loan, provided through the Community Facilities Direct Loan Program, is designed to develop community facilities and foster economic growth and development in rural communities.  USDA Rural Development Wisconsin State Director, Stan Gruszynski, says the project represents a true College-community partnership – seeking to promote public access to community wellness.  Once completed, the upgraded facilities will provide state-of-the-art training spaces, including but not limited to: an indoor field house with an NCAA regulation track and performance courts, integrated cardio and weight training space, flexible studio spaces, modern classrooms and meeting/event spaces, study and meditative areas, a health food cafe and the first true student center on lower campus.  The full project is estimated at between $18-$22 million, and the College says the rest will be financed using a mix of public and private loans and donations.  The goal is to have the new facility open by the fall of 2017.

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