University's Development Wish List at $541 Mil and Growing

ORLANDO-With a sagging economy for a background, University of Central Florida long-range planners will be asking the state for $375 million in construction funds to pay for $541 million of planned projects over a seven-year period. The estimated $166 million balance would come from UCF’s internal funding efforts.

It would be one of the largest local development projects in the last five years. But UCF officials aren’t betting the farm they will get all or even a good portion of the funds needed to carry through a master development plan crafted in 1995.

Still, the 30-year-old, 35,800-student institution could use future rents as collateral to finance the construction of new dormitories, parking garages and some research buildings, independent planners not associated with UCF tell GlobeSt.com.