CAMDEN, NJ— A new business school building is in the works at Rutgers-University Camden.

“It is quite feasible for us to have a business school building in the next several years," University Chancellor Phoebe Haddon said at the Rutgers Board of Governors meeting on Thursday. 

“Most universities in the area that are our size have an up-to-date, state-of-the-art business school,” Haddon said. “To be competitive, we also have to have some facilities.”

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Currently, the university’s business school is housed on two floors of a campus building and approximately 2,000 students are enrolled.

According to Larry Gaines, Rutgers—Camden senior vice-chancellor for administration and finance, the proposed site for the building is at the intersection of Fifth and Market streets and is expected to cost upwards of $70 million, although a deal has yet to be closed.

Over the past three years, the university has received $9 million for site acquisition and design, Gaines said, adding that the design of the building is expected to be completed in the spring of 2019, and will be followed by a presentation to the Rutgers Board of Governors.

Since the project is not yet funded, Gaines said there was no timetable on when construction is expected to begin.

The Rutgers Board of Governors also approved resolutions for facility improvements to its New Brunswick and Newark campuses.

A $36 million renovation to the Busch Campus’ Administrative Services Building in New Brunswick was approved by the board to create a “One Stop” service center that will combine and streamline student services such as the registrar, financial aid, parking and student accounting to reduce the amount of time students need on paperwork.

The first three floors of the building will be renovated, with improvements such as upgrading the building’s HVAC systems and its entrance area.

A $10 million “One Stop” project was approved for the Rutgers-Newark campus as well. Exterior renovations and a reconfiguration of the first floors of both Conklin and Boyden Hall will make way for the streamlined service center.

In addition to the One Stop projects, a $12 million renovation of the Rutgers—Newark Dana Library was approved. Improvements to be made include a 6,320-square-foot addition that would connect all levels of the building with a high-speed elevator.