South Dakota Approves $218M in University Capital Improvements
BROOKINGS, S.D. — The South Dakota Board of Regents on May 16 approved a 10-year plan for capital improvements at public universities totaling $218.9 million.
All six state universities have projects on the list, including street repairs, building renovations, infrastructure upgrades and more, the Chicago Tribune reports. The schedule calls for issuing 55.3 million of bonds in 2014, followed by a second round of about $49.7 million of bonds in 2020.
The bonds will be paid off by ongoing fees charged to students each semester. The remainder will be raised by university presidents from other sources.
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