Gov. Phil Bredesen, chairman of the University of Tennessee Board of Trustees, charged trustees and the university with hiring a president who will lead UT through a new era of great opportunities as it faces unprecedented budgetary challenges.
The University of Tennessee Board of Trustees approved today a $1.9 billion budget for fiscal year 2011 which includes the final year of federal stimulus funding and a 9 percent tuition increase at the Knoxville, Martin and Chattanooga campuses.
Interim UT President Jan Simek has recommended that Steve J. Schwab, M.D. be elected chancellor for the University of Tennessee Health Science Center. Simek recommended Schwab to head the Memphis-based UT Health Science Center at a meeting of the Executive and Compensation Committee in conjunction with the Annual Meeting of the UT Board of Trustees in Knoxville. The committee approved Simek’s recommendation and will forward it to the full Board of Trustees for action on Thursday.
The Campaign for Tennessee, the most ambitious fundraising effort in the 216-year history of the University of Tennessee, has reached its $1-billion goal 18 months ahead of schedule. While the campaign’s official end is not until December 2011, a total of $1,023,331,880 already has been committed.
EMJ Construction of Chattanooga has been awarded the contract to oversee initial infrastructure development and site prep for the University of Tennessee’s multi-use research campus, Cherokee Farm, and work is beginning this week.