A Debating ‘Thrilla in Manila’
Students debate at championship in the Phillipines See Features page 11
tcnjsignal.net
‘The Simpsons’ writer Mike Reiss speaks at the College
Read about his lecture on the award-winning show! See A&E page 15
The College of New Jersey Student Newspaper since 1885
Vol. CXXXVI.
January 25, 2012
No. 2
KatManDu will close By Brianna Gunter Editor-in-Chief
Photo courtesy of Andrew Bak
Chiddy Bang tear up Kendall By Alex Wolfe Sports Editor
In this year’s highly-anticipated Welcome Back Concert sponsored by the College Union Board, Chiddy Bang brought it like few rap groups can with an interactive fan experience and a fresh sound. The event was held on Kendall Hall Main Stage to a near-capacity crowd, and although the venue was small, it created an electric atmosphere while Chiddy and Xaphoon Jones — the members of Chiddy Bang — rocked the stage. The duo brought its upbeat, energetic brand of hip-hop to Kendall, complete with Xaphoon playing the drums live for the band’s set. Chiddy, the band’s lyricist, kept the crowd engaged, frequently getting everyone to put their hands up and get into the infectious lyrics and beats.
Popular nightclub and restaurant KatManDu was packed last Thursday night, as its younger patrons gathered to celebrate the last “college night” for a while. The Trenton club came under new ownership late last year, and officials announced on Jan. 13 that it is closing for renovations. When it reopens, the beloved nighttime hotspot will have a new look and a new name. “KatManDu transformed and changed with the times, but, like everything else, all good things come to an end,” an announcement on the club’s website read. The announcement also extends an open invitation to its farewell party tomorrow night on Thursday, Jan. 26. Despite rumors of a large cover charge, a post on KatManDu’s Facebook page Jan. 20 said that there will be no cover until 8 p.m., from which there will be an admittance charge of $10. However, those with a college ID card will only have to pay $5 after 8 p.m. The
post also said that the cover “might increase after 11:30 p.m.” “The new concept will still be a restaurant, bar and nightclub along with a banquet facility, and we will have a complete upgraded facility,” said Joe Surdo, the club’s director of marketing. Patrons who attend the farewell party tomorrow night will be given a preview of the new concept, according to the website. Surdo also said the club was bought out in November. An article from Nov. 14 on NJ.com said a sale was imminent as KatManDu has faced financial troubles since 2004, and had run up $100,000 in unpaid rent. While the Trenton/Ewing area is not without other nightclubs, restaurants and bars, KatManDu has been unique since its opening in 1997. According to the club’s initial real estate developer’s website (silverandharting.com), KatManDu was constructed for $3.5 million from Trenton’s abandoned Copper Iron Works building on the Delaware River. see CLUB page 13
see CHIDDY page 15
Seth Meyers to bring laughs
At the Chiddy Bang concert, the College Union Board announced that Seth Meyers, best known for his work as head writer for “Saturday Night Live,” will be headlining CUB’s spring comedy show. Seth Meyers has also appeared in major motion pictures, including “Journey to the Center of the Earth” and “Nick and Nora’s Infinite Playlist. Further information about CUB’s comedy show has yet to be announced. AP Photo
Kelly Johnson / News Editor
KatManDu is scheduled to close down for renovations on Jan. 13. The Trenton club was bought out in November.
The College receives ‘AA’ rating for financial management
By Tom Ciccone New Editor
Like many of its students, the College is getting some good grades. Fitch Ratings, an international rating agency that provides independent financial rating opinions, recently affirmed a “AA” rating on New Jersey Educational Facilities Authority revenue bonds that were issued on behalf of the College. The $363.3 million dollars in NJEFA bonds were given a “Rating Outlook” of “Stable,” noting that they are payable “from legally available funds.” According to the Fitch Ratings report that was originally issued on Dec. 14, the “AA” rating is essentially a positive one, reflecting the College’s consistently positive operating
margin, strong demand and moderating financial leverage. The report not only comments on the College’s prudent financial management and resulting stability, but also on how solid demand for enrollment has given the College financial flexibility. Freshman applications grew 7.2 percent for the fall 2010 class, allowing the College to increase its incoming class size by 11 percent, or just over 1,400 students, without a serious impact on selectivity, the report said. The increase in revenue from a higher rate of student enrollment allowed the College to respond to a 6 percent cut in base state appropriations for the fiscal 2011 year. The report also said the College administrators had planned for a decrease in the size of the incoming fall 2011 class, yet at 1,371 it
remains above those of previous years. Despite the increase in incoming class sizes, the College is still considered one of the most selective public universities in N.J., having an acceptance rate just below 50 percent of applicants, the report said. The report also mentions the average SAT scores of incoming classes exceed all other four-year public colleges in New Jersey. Commenting on the College’s siginificant debt burden, the report noted that it is the highest among public colleges and universities that Fitch has given the “AA” rating to. However, the report also said that the College has generated a sufficient net income to manage its debt obligations. The College has generated a 4.3 percent margin for the fiscal 2011 year, and while this margin has declined for four years in a row,
the margin remains strong, the report said. The resulting surpluses have also allowed the College to establish solid reserve levels of available funds that cover 51.2 percent of the fiscal 2011 year’s operating expenses, and while coverage of the College’s long-term debt was weaker at 25.4 percent, this is still an improvement from prior years. “Fitch expects the cushion will continue to grow as TCNJ generates annual surpluses and limits its future debt financings,” the report said. The report also mentioned Campus Town, a recent project resulting from a public-private partnership between the College and PRC Group, a private company. According to Fitch Ratings’s report, the project is not expected to have significant credit effects.
Cop Shop is back!
N.J. governor uses proposal by College professor
Take a look at some fresh stories of alcohol abuse and petty theft See News page 2
Learn about Governor Chris Christie’s new initiative See News page 3
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