Originally published in the 8/22/17 print edition of Yellowstone County News.
BILLINGS — Big Sky Economic Development (BSED) is making two donations and a loan commitment that will help put the campaigns to build state-of-the-art science buildings on two college campuses in Billings “over the top.”
An offer for a $1 million loan from BSED for the Montana State University Billings project is aimed at securing a $10 million commitment from the Montana State Legislature to build a $15 million building, contingent upon the MSUB Foundation’s success in matching it with $5 million in other contributions. It is hoped that the loan will allow construction of the building to begin before the end of 2018, even if they do not have all the contributions needed.
The joint boards for Big Sky Economic Development Authority and Big Sky Economic Development Corporation also voted unanimously last week to contribute $100,000 each to MSUB’s and Rocky Mountain College’s efforts to raise funds to finance the new science buildings.