Update 3:35 p.m.
The State Budget Committee has approved Ivy Tech’s proposal for a $24 million expansion of its Bloomington campus.
“This is a very happy, joyous day at Ivy Tech’s Bloomington Campus,” says John Whikehart, Chancellor at Ivy Tech Community College’s Bloomington campus. “This project has been in some stage phase of the approval process since 2007, so we now have the authority to proceed in 2013. It would have been wonderful to have started earlier but we are very happy to be able to start now.”
Whikehart says building onto the campus will save the college about $250,000 per year. Ivy Tech is currently spending about $460,000 per year leasing extra classroom space. The expansion will help reduce those costs, but even after the expansion, Whikehart expects the college will still need to rent because of the growing student population.
Ivy Tech’s Bloomington campus enrollment has increased from 2,600 to 6,800 in just over a decade.
Ivy Tech is seeking approval from the State Budget Committee Wednesday for a $24 million expansion of its Bloomington campus.
Ivy Tech-Bloomington’s enrollment in has been growing steadily for some years. The college now spends about $460,000 a year leasing buildings for extra classroom space.
College officials say building on to the existing Bloomington campus would save the community college money in the long-term.
The Commission for Higher Education has already approved the plan. It now waits on The State Budget Committee for final approval.
The State Budget Committee is reviewing $75.7 million in funding for three Ivy Tech Community College projects in the state, as well as construction projects for several other public universities.
Ivy Tech is also facing financial problems statewide. It has a $68 million deficit and is considering closing 20 of its campuses.