State officials doubt Northern's dorm viability

Stefanie Botelho's picture

Northern New Mexico College administrators faced tough questions from New Mexico Department of Finance and Administration Board members during its July 15 meeting regarding the proposed residence hall.

Northern’s President Nancy Barceló, Vice President of Finance Domingo Sanchez, Vice President of Institutional Advancement Ricky Serna, Board Treasurer Kevin Powers and others went before the Finance Administration with two action items on the meeting’s agenda: request for approval of a system improvement revenue bond series for $16 million and a request for approval for a student housing construction project.

The first series of questions focused on the revenue and enrollment projections Northern executives made to justify the residence hall project.

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