Why is PSU moving forward with building the Ice Arena given the current economic climate?
The Ice Arena is the first in a five-phase project. Preparation for the construction of the Ice Arena included an independent feasibility study completed in 2007 that indicated a strong business case for the reconstruction of the current Physical Education Center into a state-of-the-art complex that will eventually integrate the department of Health and Human Performance (HHP) with athletics, recreation, and community programs. Funds to underwrite the construction of the Ice Arena have been generated by New Hampshire Health and Education Facilities Authority (HEFA) bonds. The Ice Arena operating costs will be supported by funds generated through private donations, corporate sponsorships, operations of the rink, and student fees. The State of New Hampshire is providing support through a Community Development Finance Authority (CDFA) grant. The PSU Student Senate demonstrated its support for the new Ice Arena by unanimously approving an annual student fee to begin in 2010. This is an exc