Multimillion-euro plans approved to renovate 19th-century villa-style property
The university had allocated €900,000 to the project, to allow for initial enabling works. The funding was approved by Prof Deeks directly, and not the university’s finance committee as would usually be the case for capital spending.
At a December 12th governing authority meeting, approval was sought to increase the project’s budget by €6.4 million to €7.5 million. The university was “currently funding a lot of investment that may reduce options” into the future, the minutes detailed. The governing authority agreed that a “lower limit not to be breached except in exceptional circumstances should be considered” for the university’s reserve funding.
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