Stockton University - Atlantic City Opening Fall 2018
October 27th, 2017 8:09 AM
The new Stockton University campus in Atlantic City is conveniently located at the intersection of Atlantic, Albany and Pacific avenues, with apartments for over 500 students overlooking the beach and Boardwalk. The University plans to open the Atlantic City campus in 2018 with about 1,000 students and grow from there.

From shopping and restaurants, the art district, local attractions, entertainment and the famous Atlantic City Boardwalk, students will immerse themselves in the local scene, participate in service-learning and community engagement projects.

Stockton's Atlantic City campus is accessible by major highways and will feature ample parking for students and residents, with 879 spaces available. South Jersey Gas Company's office building will sit atop the parking garage and will have additional spaces for their employees and customers. And for those that need a ride, Stockton's shuttle system will be expanded to provide convenient access between the main campus in Galloway and the Atlantic City campus.

In April 2016, the state of New Jersey designated Stockton University as an Anchor Institution. The decision to do so recognizes Stockton's impact on Atlantic City and the surrounding region, as well as its potential to contribute to, and help stabilize the local economy.

The project is a public-private partnership with Atlantic City Development Corp. (AC Devco), a non-profit modeled off of New Brunswick Development Corp., which expanded Rutgers' New Brunswick campus along with other projects in the community.

Funding sources for the Atlantic City campus include: $50.6 million in bonds issued by the Atlantic County Improvement Authority that are secured by almost $70 million in tax credits from the New Jersey Economic Development Authority; $77.2 million of lease revenue bonds issued by the Atlantic County Improvement Authority that are payable by the University; $22 million grant awarded under the State of New Jersey's Higher Education Capital Improvement Fund Act; $18 million from Stockton; and, $8.3 million from South Jersey Industries for the costs of the parking garage.

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Posted by James M. Hanson on October 27th, 2017 8:09 AMPost a Comment

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