Thursday, November 27, 2014

Construction spending raises concerns as University of Cincinnati debt grows - Heather King, News Record

While brick-and-mortar spending expands, a growing university-wide debt looms, despite what University of Cincinnati officials call a strong financial rating. Over the past five years, UC spent more than $530.5 million to pay the principal cost and interest on money the university borrowed to finance renovation and building initiatives, according to university financial records. The figure for spending in 2014 was $112.8 million — enough money to provide 2,563 UC students with full scholarships for four years.

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