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This Year and Beyond

This Year and Beyond. 2005: Why did you decide not to attend NJIT?. I wanted to attend a more prestigious school. Prestige: level of respect at which one is regarded by others. New Flexible Plastic Solar Panels Are Inexpensive And Easy To Make. NJIT Campus Gateway Plan.

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This Year and Beyond

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  1. This Year and Beyond

  2. 2005: Why did you decide not to attend NJIT?

  3. I wanted to attend a more prestigious school. Prestige: level of respect at which one is regarded by others New Flexible Plastic Solar Panels Are Inexpensive And Easy To Make

  4. NJIT Campus Gateway Plan

  5. NJIT Campus Gateway Plan Objectives • Develop a “college town” neighborhood with amenities for students, faculty, staff, community • Ensure a development effort that enhances NJIT and the community • Grow the Greek community to levels above 1990 on a normalized basis • Ensure viability of the Greek community Members/Greek org 1990 2006 30 18 • Enhance the physical/social/recreational environment of the Greek community

  6. Master Plan

  7. MLK Gateway Greek Village St. Michael’s University Park

  8. MLK Pedestrian “thread”

  9. Next Steps • City develops “top level” redevelopment plan encompassing NHA property, Gateway footprint, Westinghouse, area north of Orange to tracks by about Dec 1st for submission to Municipal Council • JLL explores “incentive” funding to improve IRR • Tax abatement and exemptions • Federal assistance • State assistance • CRDA • Establish governance structure • Multiple redevelopers named (NHA, NJIT, others) • NJIT redevelopment plan becomes part of RDA

  10. Proposed Plan Athletics / Recreation Facility Potential Academic Tower New Student Housing Gateway Plan mixed use Greek Village New Tiernan gateway Academic Space Expansions New Central Green Library, CAB and service core expansion York Center and parking garage expansion New Academic Facility Central High School Gateway Plan hotel / conference center

  11. Existing Plan 2007 Lock Street Lock Street Colden Colden New St. Warren Street Raymond Blvd. New St. Warren Street Raymond Blvd. Central Avenue Summit St. Central Avenue Summit St. Martin Luther King Boulevard Martin Luther King Boulevard

  12. The Newark Institute www.newarkinstitute.org • Product & Process R&D • Pilot-scale Bio-production Center • Technology Showcase • Business Development Support • Clinical Trial Support • Academic Research Stimulus

  13. Corzine to Cabinet: Find $3 billion in budget cuts Only school aid, rebates appear safe as governor looks to avert fiscal disaster next year Saturday, October 13, 2007 State appropriations per student have not changed in real $$; very best case is they stay flat; pressure on state budget is to  higher ed appropriations

  14. About 65% of the revenue to deliver the educational program comes from tuition and fees. Pressure is to  tuition increases;  additional revenue comes from additional enrollment

  15. Enrollment increase through • Marketing • Recruiting • MS programs • “New” programs (I want a larger school; NJIT does not offer the program I want)

  16. Competitor Programmatic Strategies  Expand into sub-disciplines: subdividing  Extend program range into non-technical areas: broadening  Measured development toward new, “traditional” degrees In addition Invigorate/reinvigorate programs

  17. Conclusions “Business” is different than 15 years ago We need to behave as a tuition driven institution Need to be competitive Environmentally (campus physical plant/college neighborhood/student life) Programmatically

  18. Program Development

  19. Enrollment/Resource Development • 30 “new” (many subdivided and/or repackaged) programs over three years) • 26 tenure –track hires over two years • All “Early Retirement” funds folded back into tenure-track positions • Additional faculty hires dependent on enrollment increases

  20. This Year and Beyond

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