Vectren Donation to Power UE Project
The University of Evansville's $8 million Hyde Hall renovation project has landed some new funding. The Vectren Foundation has committed $100,000 to the project that will be used to increase the building's energy efficiency.
The school says the donation will help fund upgrades such as new heating, ventilation, cooling systems and new windows. Vectren Corp. (NYSE: VVC) South President Brad Ellsworth says the Hyde Hall project addresses two of the company's major areas of interest: efficiency and education. He says the effort is a win for the classroom as well, saying "a better-controlled energy environment will help reduce energy costs."
Hyde Hall houses Shanklin Theatre, the administrative offices for the William L. Ridgway College of Arts and Sciences as well as other faculty offices, classrooms and learning spaces.
The school plans to begin construction in May 2018 and expects the project to be complete in Fall 2019.