Fresno State Athletics
Save Mart Center Financial Plan Approved
 |  With the CSU Board of Trustees unanimous approval of the Save Mart Center's financial plan, groundbreaking on the new arena is just around the corner. |
March 20, 2001
FRESNO, Calif. - The Finance Committee of the California State University Board of Trustees on Tuesday unanimously (6-0 vote) approved Fresno State's financing plan for the Save Mart Center -- which triggers the construction of the $103 million facility on Shaw Avenue.
Finance Committee Vice Chair Murray L. Galinson commended Fresno State for its extremely conservative financial estimates for the project. "As both a banker and a trustee I like that," he said.
CSU's Chief Financial Officer Richard West called the Fresno project "ambitious and impressive."
Tuesday's committee action is expected to be approved by a vote of the full Board of Trustees in Long Beach on Wednesday.
The approval for the construction of the adjacent west complex that includes a student recreation center, the Leon S. and Pete Peters Educational Research Center, athletics offices, the Lyles Center for Innovation and Entrepreneurship, and other facilities, will be presented to trustees in a few months.