RUTGERS TO LAUNCH $295M PROJECT TO ADD HONORS COLLEGE, RESIDENCE HALL

NEW BRUNSWICK — Rutgers University plans to launch a $295 million campus building project that includes an honors college, dorms and a new academic building at its College Avenue campus in New Brunswick. The university's Board of Governors and Board of Trustees agreed to allow officials to start formal negotiations with the New Brunswick Development Corp. The project would add 1,300 dormitory beds, a 150,000-square-foot academic building and a parking deck off George Street. If approved, the project is expected to be complete by 2016.