NJ Voters Approve School Construction Projects

TRENTON, N.J. — Voters in 11 of 13 New Jersey school districts approved requests for more money towards school construction projects. The 11 approved bond proposals total $116 million in construction costs and are eligible for $50 million in state subsidies, according to the New Jersey School Boards Association. The money will fund projects ranging from roof replacements to energy system upgrades to security improvements.
The following 11 school districts approved projects:

Read more

New Jersey Higher Education Receives $1.3 Billion Boost

TRENTON, N.J. — Colleges and universities in New Jersey will receive $1.3 billion to fund 176 construction and renovation projects that will impact approximately 350,000 students.

The funds come from the $750 million “Building our Future” bond referendum approved by state voters in November as well as funding from the Higher Education Capital Improvement Fund, the Higher Education Facilities Trust Fund, the Higher Education Technology Infrastructure Fund and the Higher Education Equipment Leasing Fund.

Read more

New Jersey Looks to Borrow Millions for Higher Education Construction

NEW BRUNSWICK, N.J. — The time of voting is upon us and in New Jersey it could mean funding for college and university construction projects.

If the state voters approve a $750 million referendum on borrowing for construction at New Jersey colleges and universities, projects would require a 25 percent match by the schools, increasing the value of investment to $1 billion. If voters pass the referendum, it would be New Jersey’s single largest financial commitment to higher education since a 1988 referendum of $350 million.

Read more

Single Source: Cutting Costs Not Classes

The recession has had an immense impact on nearly all segments of the construction industry. But one New Jersey property developer is providing relief with its cost-effective model for schools, hospitals and other institutions.
Based in Gibbsboro, New Jersey, Scarborough Properties developed its single-source model that essentially ensures clients are not responsible for cost overruns.
"The budget set at the beginning is the total amount paid," explains Sean Scarborough, president of Scarborough Properties.

Read more

Lawmakers May Require Solar Energy for New Jersey School Projects

TRENTON, N.J. — New Jersey lawmakers are pushing forward with legislation that would require the construction of solar energy systems for all future school projects. The bill, known as A1084, is one of at least two recent state initiatives, the other occurring in Pennsylvania, that aim at making solar installations more attractive or necessary to build for schools in those states.

Read more

Calif., N.J. Schools See Construction Funding Boost

Sacramento, Calif. — State education agencies in California and New Jersey were recently awarded more than $675 million in school construction funds.
In Sacramento, the State Allocation Board announced that it has allocated $408 million in matching funds for 78 shovel-ready school construction projects in 42 school districts. These projects are expected to create more than 7,000 new jobs.