N.j Colleges Awarded $34M from Bonds for Renovations

By Pugliese, Nicholas; @nickpugz | The Record (Bergen County, NJ), March 14, 2017 | Go to article overview

N.j Colleges Awarded $34M from Bonds for Renovations


Pugliese, Nicholas, @nickpugz, The Record (Bergen County, NJ)


Gov. Chris Christie signed a law Monday that appropriates $34 million for facility improvements at New Jersey colleges and universities, including the renovation of an academic hall at William Paterson University and the conversion of a vacant warehouse owned by Passaic County Community College into a technology center.

The sum represents the balance of a $750 million general obligation bond issue that voters approved in 2012 as part of the Building Our Future Bond Act, which dedicated $300 million to Rutgers, Rowan and the New Jersey Institute of Technology and the remainder to other state colleges and universities, county colleges and private institutions.

The bond issue was the first that New Jersey voters had approved for higher education since 1988.

"This is an investment in higher education that will support enhanced opportunities for students at New Jersey's colleges and universities," Sen. Paul Sarlo, D-Wood-Ridge, said Monday of the latest appropriation. "Improved facilities will help keep our institutions of higher education on the forefront of research and development, which translates into economic growth for the state."

The Legislature in 2013 appropriated $716 million from the $750 bond issue to finance capital projects at New Jersey colleges and universities, including 75 percent of a $40-million, 80,000-square-foot facility to train nursing students at William Paterson University. The facility opened in January 2016.

That money, combined with awards from five other state funding sources, provided a $1. …

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