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/ SPJ!CIAL TO THE HERALD TRIBUNE FOR TilE 1967 MAILAUAY EDITIO.' 1 -17 -s pt. 21, 1967 !n the economic lif of th Sarasota ar.ea, College, in only a f w years, ha grown to be roajor With or than 100 persons employ d in either faculty or staff p08itions, with eight new buildinp,s completed and six buildings renovated, with plan underway for a n w round of construction to begin oon, and with more than 250 students now living on campus, the colleg has to be r cioned mong th factors which have cauaed the rea economy to rush steadily ahead. Of the 100 who arc on th New College payroll, bout half are m of the faculty, educational specialists who have be n attracted to the by the college. any of them have purchased homes and contribute substantially to local l4f A substantial portion of the current $2,500,000 operating budget New College is earmarked for payroll and thue is generally recirculated locally. Another large portion goen for the purchn e of goods and services locally. stimulating even further the more
NF.W COLLRGE Page 2 Mailaway Since the college purchased the lar eat portion of ita present ca pus in 1962, a science laboratory building and an annex to it have be n constructed. Three new residence balla, with roo for 272 atudenta, built. A n tud nt cent r nd cla aroo wing, H ilton C nter, va co pl ted nd d dicated la t May, adding a ajor piece of construction and also enhancing th rea'a architectural AlRo on th E st Campu a chanica! building, a svi ing pool and two tenni Providin courts have recently been constructed. substantial emplo have been th coll ge' renov tion to nt in the construction fi ld isting buildings, dapting identi 1 and other structur s to acade ic us Cost of the re ovation of the former Sanfora House lone was $150,000 and it ia only one of i building that have been converted for colle e uae. lot to b overlooked s factors in the colleg economic i pact on the co unity are the tudenta ow t the 260 ark, they sp nd an esti ted $250 ach annually in the local co unity, a tidy $62,500 at present. With the pToj ctcd increase in student body siz to 800, this nmount hould be up to $200,000 annually by 1975. Thia figure does not include the substantial a ount spent hy visittns paTenta and relatives. oon to be presented to t e New College Board of Truste is a maat r plan foT further development of the ca pus. When approved, the plan probably will proj ct a 10-yeaT buildin progr that will incl de new do itor s, libTary, and buildings for ch of the three academic divisions natural acienc s, social science and hu anitiea. Beginning in 1968, a nearly constant building progra hould b in opeTation until at leaat 1973, and if a need exists, beyond that date.
COLLEGE r.e 3 M ilaw y By 1975, th annual tinr, budg t of Ne .College is exp ct d to be in the neighborhood of $5,000,000, with an increased faculty, et ff and tudent body. The college by that tim 11 he in the h noful of top emp in the rea, a v 11 a rowing economic i fluence. 30 -continually