The soon-to-be College of Southern Maryland will build a new, larger campus in Prince Frederick, projected to cost $15.4 million and be completed in 2003, according to the capital improvements program approved by the college last week.
The building plan, which outlines all construction and renovation projects from 2001 to 2005, also projects that completing the Leonardtown campus, open for two years now, will cost the college $8.6 million, some of that already allotted in a prior budget cycle.
The 2001-2005 capital budget is the first to be affected by Charles County Community College's transition to the College of Southern Maryland.
In April, the Maryland General Assembly approved a measure that allowed the creation of a single regional college to replace the Charles, Calvert and St. Mary's branches of Charles County Community College.
The arrangement, which becomes official in July, is a financially fruitful one. As a regional college, the state will pick up 75 percent of building costs, compared with the 52 percent to 61 percent it kicked in for Charles County Community College and its satellite campuses.
College officials predict that under the 75 percent formula, they will receive more than $2.6 million in additional state funding for the Prince Frederick campus, which will replace the existing Port Republic campus in Calvert. And to complete the Leonardtown campus, the new state contribution formula means an additional $1.1 million.
The capital improvements plan also includes funding to renovate the La Plata campus's science and technology building, develop an off-campus industrial training center and purchase additional property for future use.