CVTC to buy landThe Chippewa Valley Technical College has reached agreement with Moody’s, Inc., to buy 3.6 acres just north of the 20,000 square-foot CVTC campus for $375,000.
By: Phil Pfuehler, River Falls Journal
The Chippewa Valley Technical College has reached agreement with Moody’s, Inc., to buy 3.6 acres just north of the 20,000 square-foot CVTC campus for $375,000.
“Securing this land is extremely important to the future of the college and to the River Falls area,” CVTC President Bruce Barker said. “We continue to experience strong student growth and an increasing demand for more program options.”
The River Falls CVTC campus, 500 S. Wasson Lane, opened in fall 1999 after a successful district-wide referendum in the 11 county-area. Moody’s sold the 3.9 acres for that new building in 1997.
The first year at the River Falls campus, there were 1,133 students, with 73 being full-time equivalents. Last fall -- 10 years later -- there were 1,432 students, with 353 being full-time equivalents.
The recent drop in local property prices and the low cost of financing were factors in the CVTC board’s decision to buy the Moody land.
“This is part of our long-term college plan and commitment to the local citizens and local business and industry in the River Falls area,” Barker said. “While the (technical) college has no immediate plans for construction, this purchase will allow us (in the future) to add programs, classrooms and labs most beneficial to the local economy.”
The closing on the land purchase won’t occur until the Wisconsin Technical College System State Board meets Jan. 25, 2011.
The programs offered at River Falls CVTC include administrative professional, business management, criminal justice, nursing, liberal arts and wood technics.
CVTC officials will be analyzing what programs to expand in the coming years.