Rutgers University-New Brunswick Awards Construction Contract to New Brunswick Development Corporation (April 2025)

Scope & details

The full contract record, as filed.

Contract amount

$41.2 million (Rutgers' portion)

Contract type

CONSTRUCTION

Renewal

Master project agreement; lease with future transfer of title after debt repayment and Aspire Tax Credit compliance. Terms dependent on satisfaction of financing and regulatory milestones.

Document type

Minutes

Source document

Rutgers Board of Governors Meeting Minutes April 2025

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Other contracts from New Brunswick Development Corporation.

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City of New Brunswick Council Agenda 2026-06-03

APPROVED

City of New Brunswick, New JerseyNTE: $915,895.00 plus City match NTE $185,000.00Jun 3, 2026

Rutgers, The State University of New Jersey Board of Trustees Minutes 2026-03-05

APPROVED

Rutgers University-Camden, New JerseySpending authority up to $41.2 million for Rutgers research portion of H-3; expects $31.4 million Aspire Tax Credits netting approximately $28.3 millionMar 5, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Rutgers University-New Brunswick?

New Brunswick Development Corporation was awarded this construction contract by Rutgers University-New Brunswick, as recorded on April 24, 2025. The contract value is $41.2 million (Rutgers' portion).

How much is the New Brunswick Development Corporation contract with Rutgers University-New Brunswick worth?

The New Brunswick Development Corporation contract with Rutgers University-New Brunswick is valued at $41.2 million (Rutgers' portion), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Rutgers Board of Governors Meeting Minutes April 2025 (Minutes), dated April 24, 2025 from Rutgers University-New Brunswick. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Brunswick Development Corporation hold?

New Brunswick Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Brunswick Development Corporation's profile

What is Rutgers University-New Brunswick currently buying?

Explore Rutgers University-New Brunswick's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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