Cincy State Trustees Leery About Middletown Campus

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   Source Middletown Journal 

By Jessica Heffner, Staff Writer 

CINCINNATI — Can Cincinnati State Technical and Community College afford a Middletown campus? That is the question its board of trustees said needs to be answered before it will be ready to launch its new campus.
Documentation was included in the board of trustees packet Tuesday for Cincinnati State to use up to $20 million through government bonds for improvements and equipment upgrades to the Manchester Inn, CG&E building and former Middletown Senior Center. The funds also would be used for possible construction at the 3.2-acre lot at 105 Main St. — the former site of the Swallens Department Store and city parking garage.
Dan Cayse, vice president of strategic initiatives and entrepreneurial development for Cincinnati State, said the information was included as an estimate to allow the school to collect planning and engineering costs associated with the properties through bonds if and when the debt is issued for the project.
Full story Here: MiddletownJournal.com

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randy Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Official Joined: Jan 13 2009 Location: Middletown Status: Offline Points: 1586	Post Options Post Reply Quote randy Report Post Thanks(0) Quote Reply Topic: Cincy State Trustees Leery About Middletown Campus Posted: Nov 24 2010 at 10:36am
	Source Middletown Journal By Jessica Heffner, Staff Writer CINCINNATI — Can Cincinnati State Technical and Community College afford a Middletown campus? That is the question its board of trustees said needs to be answered before it will be ready to launch its new campus. Documentation was included in the board of trustees packet Tuesday for Cincinnati State to use up to $20 million through government bonds for improvements and equipment upgrades to the Manchester Inn, CG&E building and former Middletown Senior Center. The funds also would be used for possible construction at the 3.2-acre lot at 105 Main St. — the former site of the Swallens Department Store and city parking garage. Dan Cayse, vice president of strategic initiatives and entrepreneurial development for Cincinnati State, said the information was included as an estimate to allow the school to collect planning and engineering costs associated with the properties through bonds if and when the debt is issued for the project. Full story Here: MiddletownJournal.com
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Mike_Presta Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Council Joined: Apr 20 2008 Location: United States Status: Offline Points: 3483	Post Options Post Reply Quote Mike_Presta Report Post Thanks(0) Quote Reply Posted: Nov 24 2010 at 5:15pm
	CinState expansion will need corporate help By Cliff Peale • cpeale@enquirer.com • November 23, 2010 CLIFTON - Assistance from local companies will be critical to help Cincinnati State Technical & Community College finance a new campus in Middletown. Early projections show it will take several years for such a campus to break even, Cincinnati State trustees said Tuesday night, meaning grants and contracts with local companies will have to fill that gap. "I want to go to Butler County but I don't want to go into a money pit we can't get out of," trustee Bob McKenna said. Dan Cayse, vice president of strategic initiatives, said finding corporate partners is critical. "We're going to have to get those partners involved and find a way to offset those expenditures," he said. The community college is negotiating a deal to start a campus in Middletown, including operating the Manchester Inn hotel and conference center. The plan calls for Middletown to issue bonds to renovate at least three downtown buildings, with Cincinnati State lease payments paying off the bonds. The two sides say they haven't negotiated the capital costs but that they probably would be less than $20 million. Trustees did not authorize a contract during the meeting Tuesday night. Cincinnati State needs the Middletown campus to be self-supporting as it tries to provide for its record enrollment this year. It has enrolled 11,458 students during the current late fall term. During the first four months of the fiscal year, revenue from tuition has increased by more than $4 million but expenses for instruction have grown by $1.5 million, compared to the same period last year. Trustees also said: They would try to alter the plans for reconstruction of Interstate 75 to accommodate potential expansion of the Brent Spence Bridge. Current plans would eliminate key access to and from I-74 and I-75, access used daily by nearly half of the college's students and professors. They expressed concern about state budget cuts. Cincinnati State President O'dell Owens said he's asked units on campus to plan for state-subsidy cuts of up to 15 percent. He said that makes ventures such as the Middletown campus even more important. "We're going to need new revenue streams," he said. "There's just no doubt about it."
	“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012