ATLANTIC CITY PRESS: …Stockton purchased the 1.73 million-square-foot property from Caesars Entertainment with funds from the college’s Investment Fund. No state-appropriated funds were used in the purchase and no new debt was issued.
The transition from a casino-hotel to a college campus and hotel will take far less time and will be significantly cheaper than would new construction, benefiting Atlantic City and Stockton, President Saatkamp said.
Towers 2 and 3 at the new campus will include 852 rooms for student housing, and the campus also will include dining, parking and recreational facilities.
The college expects to have the hotel portion of the Atlantic City campus operating by late spring 2015, with some summer session classes to follow. Full academic programs are expected to begin in fall 2015.
The Stockton-Island Campus is expected to grow within five-10 years to a student body of about 4,000, with corresponding faculty and staff to support this growth… (more)
