• 45°

RCCC signs lease at N.C. Research Campus

By Emily Ford
eford@salisburypost.com
Rowan-Cabarrus Community College signed a lease Wednesday for a state-of-the-art facility at the N.C. Research Campus.
Ray Paradowski, chairman of the RCCC board of trustees, and Dr. Carol Spalding, college president, signed the lease agreement. Steven Mersch, vice president for campus developer Castle & Cooke North Carolina, also signed.
Castle & Cooke will now complete a loan application and submit it to the lender, college spokesman Jeff Lowrance said. The lender will have 15 business days after receiving the application to lock in an interest rate, Lowrance said.
After repeated delays due to the economic downturn, Castle & Cooke should start construction of the 62,000-square-foot building this spring. The $26 million building could open in time for RCCC’s fall 2010 semester.
The state will provide about $3 million per year to RCCC for lease payments and operating costs. The college will lease the facility from Castle & Cooke for 20 years.
RCCC will move its biotechnology program to the new building. The college is expected to train thousands of people to work at the biotechnology hub in downtown Kannapolis.

Comments

Comments closed.

Local

City approves DOT agreement, Salisbury Station project could begin next year

Local

County plans to use vulture effigy, enforce violations to remedy animal carcass feeding problem

Education

Two weeks after ending enhanced protocols, Catawba has no COVID-19 cases

News

Council to hear revised version of Downtown Main Street Plan

News

Political Notebook: Majority of likely voters, local legislators support school reopening bill

Coronavirus

COVID-19 vaccinations in Rowan top positives since start of pandemic

Crime

Man faces drug charges after breaking and entering call

Lifestyle

Waterworks schedules 2021 Summer ARTventures

Crime

Blotter: Man faces drug charges after being found passed out in vehicle

Ask Us

Ask Us: What programs exist for litter cleanup?

Business

County begins accepting restaurant grant applications

Crime

Blotter: Salisbury man charged with nine more felony sex offenses

Nation/World

Biden team readies wider economic package after virus relief

Nation/World

Spacewalking astronauts prep station for new solar wings

Nation/World

Cuomo sorry for remarks aide ‘misinterpreted’ as harassment

Nation/World

Trump calls for GOP unity, repeats lies about election loss

Education

Rowan County administers 700 vaccines, with majority going to local educators

Crime

Shoplifting at Walmart presents challenge for Salisbury police

Local

Commissioners will hear details about changes to solar energy policies

Business

After overcoming obstacles, local barber Daniel King earns registered status

Lifestyle

39th annual K12 student exhibitions go virtual

Business

Biz Roundup: Chamber of Commerce to host ‘Salute to Agri-Business’ at March Power in Partnership

Local

Local legislators back bills ranging from new restrictions on sex offenders to Holocaust education

News

After surviving COVID-19 scare, Lois Willard set to celebrate 100th birthday