BOWLING GREEN STATE UNIVERSITY

 
A weekly publication for the BGSU community

The BGSU Board of Trustees demonstrated its approval of President Sidney Ribeau at its Dec. 1 meeting by granting him a 3 percent raise. The president in turn expressed his support of the University by announcing he will donate the entire sum, $8,873, to the Building Dreams campaign.

“Because I am so committed to the institution and what it accomplishes, my wife and I want to commit my 3 percent increase to the Building Dreams campaign. It’s so important to building a future for our students—academically, athletically and socially,” Ribeau said.

The president’s current salary is $295,752; the raise brings his salary to $304,625 for calendar year 2007.

In other action, the board unanimously agreed to begin negotiations to buy the Bowling Green Industrial Park, situated on property formerly occupied by the old Heinz plant at 436 N. Enterprise St. and bounded by Ridge Street, Merry Avenue and the railroad tracks. The offer to purchase is contingent on a study of the property coming back satisfactorily and the purchase price not exceeding $2.6 million.

Funding for the purchase would come from BGSU Foundation funds, Wilcox said. The annual return on investment is projected to be about 8.85 percent. The property is currently leased and brings in revenue of about $18,000 per month.
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