Washington State University is halting plans for any new construction projects. University President Elson Floyd issued a moratorium on February 10th suspending the introduction of any new capital projects that involve taking on additional debt. That moratorium was revealed to University leaders through an internal memo.
Over the past few years following the depths of the great recession, WSU has initiated and completed several major building projects. Construction on unfinished projects will continue. However, according to the moratorium, new projects involving debt will not be pursued until at least July of next year. In the meantime administrators will examine WSU's financing capacity.
However, exceptions to the moratorium will likely be made. In fact, three projects were approved by the regents the day after the moratorium was issued; a new multicultural center, a new campus police station, as well as a digital classroom project have all been approved for construction.