LFCC is committed to strengthening the student experience in and out of the classroom. The 31,800 square foot Student Union will house many student support facilities and amenities including:
- Larger bookstore
- Food service and café
- Student lounge
- Student life offices
- Fitness center
- Aerobics & yoga studios
- Locker rooms
During a sluggish economy, state funding for this project was unlikely. However, facing record enrollment growth, we did not want to wait until we were able to raise $9 million in private funds.
LFCC and the LFCC Foundation worked together to develop a creative solution and a solid business plan. The Student Union will be built on property owned by the LFCC Foundation. The Foundation is assuming a $9 million loan to finance the project.
The Foundation will repay the loan through:
- Vendor income-we will receive commission payments form the bookstore and food vendors
- Rental income-the college will lease the Student Union from the Foundation
- Private donations-our fundraising goal is $3 million.
The sooner we repay the loan, the more money we save in interest payments, and the sooner we can begin planning Phase 2 of the project, which could include basketball courts and a gymnasium.
There are many naming opportunities in the new building, beginning at the $25,000 level to name a classroom. A donor appreciation wall will be designed to recognize gifts between $1,000-$10,000.