PIERRE, S.D. (KELO) — The Board of Regents should receive $19 million of general funds and authority to find $16 million more for a new mineral-industries building at South Dakota School of Mines and Technology in Rapid City, the state Senate said Monday.
The appropriation includes $1 million to demolish the old mineral-industries building that was built in 1962.
About $15 million has been raised, according to Senator David Johnson. “The building on campus is dilapidated. It’s obsolete,” Johnson said.
The new building would save an estimated $20 million in deferred maintenance costs after paying for demolition of the old building, according to Mines officials.