SIU board passes loan resolution, tables chancellor decision - WSIL-TV 3 Southern Illinois

SIU board passes loan resolution, tables chancellor decision

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EDWARDSVILLE -- SIU Carbondale will have to wait a little longer before a chancellor is chosen. While the process for that decision continues, SIUC leaders look to borrow millions from Edwardsville.

A special meeting was held where the Board of Trustees voted unanimously to pass a proposal of a resolution seeking the loan.

After three hours of closed session, the SIU Board of Trustees voted to approve a resolution of loan capped at $35 million from SIUE to SIUC. 

It was a decision that didn't come lightly.

"We also have to remember that we are, in fact, a system, and that eventually, if one fails, we all fail," said trustee Randal Thomas.

Before the vote was taken, several staff members from Edwardsville addressed concerns of the impact the loan would have on their campus.

President Randy Dunn says the loan was needed because of the lack of funding from the state, which caused the Carbondale campus to deplete all available resources of unrestricted funds. 

With the that issue off the table, two hours of the closed session was spent trying to figure out who will be chancellor at SIU Carbondale.

"We are now chartering the president to go back to three candidates who we discussed and board wants to interview them," said Thomas.

The board will also interview two others, bringing the total to five candidates for chancellor.

They have taken recommendations from the search committee and now will conduct their own interviews of the candidates.

Thomas says they hope to begin interviews in June.

News 3 spoke to Edwardsville staff after the vote and many said, while they may not be for the loan, they understand it was a move that had to be made.

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