Funding for the successor to the vacant Taylor Hall through a state revenue bond was confirmed on Oct. 9, according to Lorraine Hoffman, vice president for business and finance.

Construction of the Arts and Humanities Building is scheduled to run from January until its projected opening for the fall 2016 term.

The total estimated cost of the structure is $57.2 million, according to the Chico State Planning, Design and Construction website.

The facility is designed to accommodate over 1,200 students in lecture spaces, 142 students in laboratory spaces and 100 faculty offices, according to a CSU Capital Improvement Program report.

Following the completion of asbestos abatement for Taylor Hall between November and December, demolition of the current structure is projected to be finished in January, Hoffman wrote in an email to The Orion.

A groundbreaking ceremony for the site is being scheduled for Nov. 12.

Nicholas Carr can be reached at [email protected] or @theorion_news on Twitter