Recent and ongoing construction projects by West Virginia University and WVUHealthcare will have an economic impact of more than $1 billion, with nearly $700 million benefiting Monongalia County and surrounding areas, according to a recent study by the university's Bureau of Business and Economic Research concludes.
The review of 20 construction projects beginning in June 2011 with completion planned by November 2015 found that the total $742.9 million budget of those projects would create more than 7,100 jobs and $35 million in local and state tax revenue — almost 4,700 of the jobs and $23.3 million of the taxes them in and around Monongalia County.
The projects range from $665,000 to expand a parking lot on the Evansdale Campus to $225 million for WVUHealthcare expansions, including Ruby Memorial Hospital. They also include three major public-private partnerships to improve student housing, new classroom space, a new student health center, various renovations as well as supporting infrastructure.
The study concluded that the total economic impact would be $1.02 billion, including 7,143 jobs and $35.7 million in state and local tax revenue.
For Monongalia County and the surrounding areas, those numbers were $669.4 million, including 4,675 jobs and $23.3 million in taxes.
The projects included in the study, and their budgets, are:
In addition to the projects included in the study, WVU is also clearing land it acquired when it purchased what is now Vandalia Hall out of bankruptcy. The property located along and near Falling Run Road will eventually be used for construction to meet expanding academic needs.