Funding Freeze Stalls Project as Cal Poly Pomona

So as promised the state has cut off funding for projects that are in the pipeline. This appears to have already started to have ramifications. The projects that were funded by past bond measures are not able to find the state funds promised. This in turn is putting in jeopardy the funds that were privately raised.

According to the San Gabriel Tribune, Cal State Pomona's new business administration building is being delayed by the budget stalemate.

Cal Poly Pomona has been forced to suspend construction on its new Business Administration Building due to a state freeze of $3.8 billion in infrastructure funding.

Construction for the $34 million project was scheduled to break ground Jan. 22. The 75,000 square foot building was slated to be completed by the winter of 2011.

"I am upset about this decision. These bonds were approved years ago," Cal Poly Pomona President Michael Ortiz said. "We have donors waiting for that building."

Donors gave $5 million to help fund the project and match state funds. Since state funds have been locked, the donor contributions are trapped in limbo.

The Pooled Money Investment Board, made up of state legislators, froze nearly the $3.8 billion statewide in an effort to curb spending. All general-obligation bonds and approved capital construction projects in the state have been suspended.