Office of the Vice President for Global Communications

Friday, October 14, 2011

Regents approve NCRC leases, construction projects, property purchase

The following items were approved by the Board of Regents at its Oct. 13 meeting.

Four new startup companies to move into Venture Accelerator

Four new U-M startup companies will move into the U-M Tech Transfer's Venture Accelerator at the North Campus Research Complex. The regents approved leases with SenSigma, CSquared Innovations, Diapan Therapeutics and Tissue Regeneration Systems. This brings the total to 14 new businesses in the Venture Accelerator that provides space, services and mentoring for emerging U-M startups. U-M Tech Transfer officials expect it to reach capacity by the beginning of next year.

Design approved for Yost Ice Arena project

The Board of Regents approved the design for a $14 million project to replace the spectator seating, update infrastructure, and improve fan amenities at Yost Ice Arena, and approved issuing early procurement packages for windows and bleachers for bids. The project is being funded from Athletic Department resources and is scheduled to be completed in the fall of 2012.

Central Power Plant controls to be upgraded

A $6.75 million project is planned that will update the Central Power Plant's electronic control systems to improve reliability, enhance continuous monitoring of systems, and optimize overall plant efficiency. The project will be funded from Utility resources and is scheduled to be completed in the fall of 2014.

UMHHC plans new cardiac catheterization lab, sleep lab

Approximately 1,100 gross square feet of shelled space on level 11 of the C. S. Mott Children's and Von Voigtlander Women's Hospitals building will be completed to create a pediatric cardiac catheterization laboratory. Hospitals and Health Centers resources will fund the $3.45 million project that is scheduled to be completed in the fall of 2012.

The Sleep Disorders Laboratory program will open a third clinic at Domino's Farms to meet increased demand for services and reduce wait times. A $3.197 million project will renovate approximately 8,400 square feet of leased space to create the new clinic, which will include nine new sleep study rooms. Hospitals and Health Centers resources will fund the project that is scheduled to be completed in the spring of 2012.

Elevators to be replaced at Flint Northbank Center

A $2.1 million project will replace four elevators at the UM-Flint's Northbank Center building. UM-Flint resources will fund the project, scheduled to be completed in the summer of 2013.

Property purchase approved

The university will purchase a 0.09-acre vacant lot near the Wall Street District. The property at 910 Maiden Lane will be purchased for the negotiated price of $75,000, with the purchase funded from university investment proceeds.