Grand Canyon University is looking even stronger financially as it plans to invest $150 million to build a second campus in Mesa.
GCU officials announced plans today for a campus that could be as large as 160 acres at a time when net income and revenue continue to increase.
For the three months ended June 30, GCU reported $19.1 million in net income on net revenue of $141.5 million. That?s up from $15.6 million in net income of $119.3 million in net revenue during the same period in 2012.
Six-month earnings also look solid, with $40 million in net income on $283.5 million in net revenue for the first half of 2013, up from $30.1 million in net income on $236.4 million in net revenue during the first half of 2012.
Enrollment at its 115-acre Phoenix campus at 33rd Avenue and Camelback Road was 3,415 as of June 30, plus an additional 47,785 online students. Overall, GCU reported 51,200 students, an increase of 15.2 percent from a year earlier. Broken out, ground enrollment increased 47.6 percent and online enrollment increased 13.4 percent over the prior year.
Brian Mueller, president and CEO of GCU, told analysts in an investor conference call today that he plans to spend $50 million initially to start building classrooms, laboratories, a student union, library and some athletic fields. He said he would expect to spend another $40 million each year in 2016, 2017 and 2018 to build out the campus to house 7,000 to 8,000 students.
?We would have the option to purchase 60 more (acres) from there,? he said.
Plans also call for moving GCU?s 100,000-square-foot administrative center with 1,000 employees to the Mesa campus.
Angela Gonzales covers health, biotech and education.
Source: http://feedproxy.google.com/~r/vertical_13/~3/ZgMzZLY9vQ4/grand-canyon-universitys-strong-2q.html
san francisco 49ers san francisco 49ers stan musial Mega 49ers lance armstrong Earl Weaver
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন