News
Akikazu Onda / The Dartmouth Staff
The renovation of the President's House on Webster Avenue is being financed entirely by private donors, College President Jim Yong Kim announced in his budget presentation on Tuesday, meaning at least $92.8 million of the $147.8 million cost associated with the College's three major construction projects is covered by private gifts.
Despite unexpected electrical problems uncovered during construction, the President's House project is slated for completion by next February, according to director of planning, design and construction Stephen Campbell.
Kim said in his presentation that as a result of the private donations, the cost of the President's House renovations will be "off the books of Dartmouth College." The renovation is necessary, Kim said, both to allow for the house to be used for fundraising and to address significant safety concerns.
"I came into a situation where there was a house that was built in 1926 in which the heating system, the plumbing and part of the electrical system hadn't been changed in 83 years," Kim said.