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NU reaps $400M in sale of municipal bonds for renovations

university of nebraska
Posted at 3:44 PM, May 27, 2021
and last updated 2021-05-27 19:28:51-04

LINCOLN, Neb. (AP) — The University of Nebraska has netted $400 million in financing through the sale of municipal bonds to be used for a growing list of renovations and replacement projects.

The Lincoln Journal Star reported that the sale took place Wednesday, and money garnered will go toward an $800 million backlog of projects at campuses in Lincoln, Omaha and Kearney, as well as the Nebraska College of Technical Agriculture in Curtis.

The projects include a $75 million replacement of the Westbrook Music Building at the University of Nebraska-Lincoln and the construction of a $37.5 million College of Allied Health Professions building for the University of Nebraska Medical Center campus.

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