Innovista gets final funding

06/27/2012 11:29 AM

06/27/2012 3:36 PM

With some reservations from Gov. Nikki Haley, the State Budget and Control Board approved the final payout Wednesday to finish work on main buildings at the Innovista, the University of South Carolina's research campus.

The $13 million in bonds will complete work on two floors of the Horizon building. Final work is being completed on the Discovery building.

Plans for two buildings for private companies have been on hold.

Haley started the discussion over the bonds by saying: "With all due respect, what a mess."

Rick Kelly, USC's retired chief financial officer who is still helping shepherd the project, told the board that the Innovista has made some strides through a tough economy -- citing rising research grants, interest from researchers and new technology-related jobs at locations off campus.

The board agreed to the funding even though Haley said, "It seems like we're throwing good money after bad."

Editor's Choice Videos

Join the Discussion

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service