IU medical education building to be named Huckabay | Local
The University of Idaho medical education building will be named after longtime benefactor Durward Huckabay, while P1FCU has secured the naming rights to the Lewis-Clark State College Activity Center.
Both actions were approved at the State Board of Education meeting on Wednesday.
The Huckabay family established the Durward A. Huckabay Scholarship in 2019 to benefit students in the WWAMI Medical Education Program at UI.
WWAMI serves students from Washington, Wyoming, Alaska, Montana, and Idaho. It is designed to attract more medical students to the area as they are more likely to stay here to work.
To date, the Huckabay Family Foundation has contributed $ 12 million to the scholarship program, making it the largest scholarship endowed with IU.
In recognition of the “lifelong impact” that Huckabay’s generosity will have on reducing medical student debt and enabling more Idaho students to attend medical school, officials at the university proposed to rename the medical building “DA Huckabay MD Medical Education Building”.
The State Council also approved a $ 2 million sponsorship deal between Potlatch No. 1 Financial Credit Union and the LCSC athletics program, including naming rights to the activity center.
The 10-year agreement will help cover the operating costs of the LCSC’s intercollegiate athletics program and support athletics scholarships.
In addition to renaming the activity center “P1FCU Activity Center”, the Company will receive the exclusive rights to issue Warrior LC Athletics branded P1FCU debit cards and will be designated the “Official LC State Warrior Athletics Credit Union”.
In another action on Wednesday, the LCSC also got the green light to purchase the College Place residential facility which is located adjacent to its Lewiston campus.
College Place is privately owned, but has been managed by the college for over a decade.
The LCSC also received approval on Wednesday to sell $ 4 million in general tax bonds. The proceeds of the bond, along with institutional reserves, will be used to purchase the property.
Officials say the dormitory rent will cover the cost of servicing debt on bonds, as well as annual operating costs.
The purchase agreement is expected to be finalized before the end of the year.
In addition, the state council has approved an unemployment insurance proposal to issue up to $ 46.11 million in general tax bonds.
The money will be used to repay two previous rounds of bonds issued in 2013 and 2014, and to raise up to $ 2 million for energy efficiency projects.
The university plans to save money through the deal, as the new tax-exempt bonds are expected to be issued at a lower interest rate.