ARDMORE — Oklahoma State University officials will seek approval Friday to move forward with the next step of the university's Athletic Village.
The Board of Regents for Oklahoma State University and the A&M Colleges meets at 10 a.m. Friday at the OSU Institute for Agricultural Biosciences, 3210 Sam Noble Parkway, in Ardmore.
OSU officials also plan to seek board approval to hire an engineering consultant and a construction manager for the construction of a new track facility.
The building would be a part of the university's long-delayed Athletic Village, a group of proposed athletic facilities that would be located just north of Boone Pickens Stadium. The university has begun construction on the Sherman Smith Training Center, an indoor practice facility that will be a large piece of the village.
University officials announced plans to move forward with more than $200 million in projects in November 2005. Those proposed projects included new facilities for track, tennis, soccer and other sports.
Texas billionaire and OSU alumnus T. Boone Pickens quickly donated $30 million to help purchase the land needed for the project and followed with a gift of $165 million in January 2006. In September 2006, just six months after Pickens' $165 million gift, the money had grown to a reported $267 million after sitting, unbothered, in a hedge fund. Over the next two years, the gift from Pickens grew to roughly $400 million.
But much of that money was lost during the recession, and by October 2008, Pickens' gift shrank to an estimated $125 million.
Also during the meeting, OSU officials plan to seek approval to hire an architect for a new residence hall, an architect and construction manager for a new academic building for OSU-Tulsa and OSU Center for Health Sciences, and approval to use the university's on-call construction manager for a math learning center at Edmon Low Library on OSU's Stillwater campus.