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February 26th, 2009
Rutgers announces $500M plan for new academic, student facilities

Home News Tribune (East Brunswick, N.J.) – One day after President Barack Obama addressed the nation about his economic stimulus plan, Rutgers offered details of its own $500 million stimulus plan.

The plan includes $270 million for the construction of dorms, $55 million for a technologies center in Piscataway and $25 million for the Institute for Health Sciences in downtown New Brunswick.

The announcement of the massive capital-improvement plan came one day after Rutgers closed on the sale of $233.1 million in general obligation bonds. [read more…]

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