This is the financial breakdown of the 3 Projects which is a total of €16.54 Million and the students would be paying 66% of these costs through the student levy as several of these projects are very much student led requests which ULSU have negotiated with the University for inclusion and are predominantly designated student sport specific facilities i.e. Climbing Wall, Hand Ball Courts and the Maguire’s Upgrade. The balance would be met by the University through an EIB loan. The levy is planned to run along the EIB loan period, this is 20 years, however, with a rising number of students and the projects being estimated on the higher side of costs (they must go to tender if voted in favour) there is a good chance the levy will be done before this. This has happened in the past, for example the Boathouse levy (€72) was due to finish in 2015, however the final year it was charged to students was the beginning of the academic term in 2012.
- Maguire’s & Handball Alley – €5.2m
- Arena Extension (Pool, Gymnasia/Studio Re-Configuration, Climbing Wall) – €10.8m
- Consultation / research / needs analysis process among students, students union and student services and design for a new Student Centre – €540k