February 12, 2012
Southern New Hampshire University plans to spend up to $45 million to build a new library, a new dorm and possibly a parking garage by early 2014, officials said Saturday.
"This is really a function of more demand," President Paul LeBlanc said. "We just have more and more students who come, and we keep growing."
The university, which straddles the Hooksett-Manchester line, expects to borrow the money through a bond and repay the debt from its yearly operating budget, LeBlanc said. It also would need local approvals.
"We'd have to go through all the appropriate permitting just as anyone would with any building project," he said.
LeBlanc is not sure how much local tax revenue the expansion would provide to Hooksett or Manchester.
The university has seen its undergraduate day student population rise from 1,880 two years ago to 2,358 for the current spring semester, according to Gregg Mazzola, the university's associate vice president of marketing and communications.
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