Wednesday, Sept. 11, 2013 | 11:01 a.m.
A financial plan to construct a nursing and education building and a student center at Nevada State College has been approved by the state Board of Finance.
The college will enter into a lease-purchase agreement with Nevada Real Property Corp. for the property and construction of the proposed buildings, with the ownership to revert to the college at the end of 30 years.
Nevada State College President Bart Patterson said Tuesday there is a “huge demand for building space” and the state doesn’t have the money to finance these buildings. But he said it is important to the state to establish a campus whose student enrollment has grown from 177 in 2002 to 3,389 in the fall of 2012.
The college currently leases 86,172 square feet of space mostly in downtown Henderson, about 5 miles from the campus. The new buildings are expected to cost $61 million, with construction to start by January 2014 and completion by July 2015.
This plan, Patterson said, has been approved by the Nevada System of Higher Education Board of Regents and the Legislative Interim Finance Committee.
The 2013 Legislature approved $1.2 million from the estate tax fund to help with the development of the campus.
In addition, documents presented to the finance board said there will be a $150 fee per semester for all students who are taking more than three credits to help pay off the lease-purchase agreement.