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Build It and They Will Matriculate

By P, Shankar
Publication: Business News New Jersey
Date: Monday, May 20 2002

New Jersey's design and construction firms are twice lucky. The state's $12billion, 10-year school construction program will spread around piles of money for rebuilding the state's K-12 infrastructure. But colleges and universities, too, are in the midst of a building boom. Most of the state's 57

institutions of higher education are expanding, putting up new buildings and renovating existing ones in order to accommodate the rapidly increasing number of graduating high schoolers.

Late last year, a survey by the New Jersey Commission on Higher Education polled 42 colleges and universities. It identified construction and renovation projects worth more than $4.7 billion either under-way or planned for over the next seven years. Princeton University's program may be the most ambitious; it reported more than $750-million worth of projects that are either in progress or that have been completed over the past two years. Rutgers described 144 projects worth a total of $237 million under construction with another 55 projects costing $160 million in planning. Over the next 10 years, the construction frenzy will include Montclair State University ($461 million), Rowan University in Glassboro ($270 million), The College of New Jersey in Ewing ($250 million) and Fairleigh Dickinson University at its Madison-Florham Park and TeaneckHackensack campuses ($50 million).

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