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Northwest College OKs construction funding plan
Posted 8/20/12
POWELL, Wyo. — The Northwest College board has approved a plan to raise $5 million for a new classroom building from four sources, and none involve raising taxes.
The Powell Tribune (http://tinyurl.com/cxwht69) reports trustees agreed on the plan last week.
It calls for taking $2 million from the college's reserves, charging students a $5-per-credit fee beginning next year, borrowing about $1.2 million from a Park County financial institution and getting $1.2 million through donations to the NWC Foundation.
Four trustees voted in favor. The other three were absent.
The $5 million is what the college needs to get nearly $9.4 million the Legislature set aside for the proposed Yellowstone Academic and Workforce Services Building.
It would have nearly 50,000 square feet including classrooms, labs, faculty offices and a 300-seat conference facility.