Stockton board OKs seeking building funding

Attention: open in a new window. PrintE-mail

Stockton Stockton GALLOWAY – The Richard Stockton College Board of Trustees Wednesday, Feb. 20 passed a resolution to seek funding from the Building Our Future Bond Act for capital improvement projects on the main campus.

The resolution includes a listing of projects that would be eligible for funding, with three priorities designated by Stockton President Herman J. Saatkamp Jr. 

The top three priorities are completion of Phase 1 of the Unified Science Center at $17.6 million, a $28.6 million addition to the science center and $18 million for construction of an additional classroom building.  Trustees authorized the financing of all or portions of the projects, and Saatkamp will determine prioritization and timing.  

The bond act, passed by voters in November, authorizes New Jersey to issue bonds totaling $750 million for public and private colleges and universities to upgrade academic and research facilities.

“The bond act provides an important opportunity for institutions of higher education statewide,” Saatkamp said. “Our students are promises to the future, and right now we have the opportunity to provide them with the resources that they need to build themselves successful futures.”

With board passage, the next step is to submit an application to the New Jersey secretary of higher education. 


blog comments powered by Disqus