Las Vegas Sun

August 27, 2014

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Bonds sold to clear way for new Nevada State College buildings

The state Treasurer’s Office sold $50.4 million in bonds Wednesday to help finance two 60,000-square-foot buildings on the campus of the Nevada State College in Henderson.

Deputy Treasurer Mark Mather said the 30-year bonds will carry a 4.7 percent interest rate and will be paid off by a combination of an increase in student fees starting in 2015, savings on rent on offices in Henderson and from a capital improvement fund of the Nevada System of Higher Education.

He said a variety of companies purchased the bonds.

At present the college leases 52,000 square feet five miles removed from campus in Henderson for education and nursing courses and for office space.

One building will be for nursing/science education courses. It will house classrooms, educational labs, study space and faculty offices. The second building will be for student activities to include a library, bookstore, food services and administrative offices.

This will consolidate all activities on one campus.

Construction is expected to take 14-17 months and be completed in 2015. Current enrollment at the college is about 3,400 students.

The sale was later approved by the state Board of Finance.

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