Ellis said the agreement would give the college a “three to five year period where they have minimal expenses with the facility” and can focus on building up the program.
“They're able to concentrate their efforts on building the programs at a specific rate, and then pricing goes up periodically through the years until it gets to competitive market value.”
Ellis said the partnership would accordingly benefit the community.
“TVCC is committing to expanding their program and providing a variety of workforce training programs at the facility, and that's important to us because a skilled trained workforce is one of the key components for successful building operations,” she said. “It's something businesses look at when considering moving to the area.”
Jeffrey Watson, provost at the Palestine campus, said he has yet to view the approved details of the lease but is looking forward to reaching the mutually beneficial arrangement.
“It has to go to our legal department to be vetted and then it will go to our board for approval,” he said.