the republic logo

Finance panel eyes $38.5 million bond issue to finance projects at Delaware State University


NEW CASTLE, Delaware — A state panel is meeting to consider a request by Delaware State University for a bond issue of up to $38.5 million for campus improvements.

The Council on Development Finance was to consider the request at a meeting Monday in New Castle.

Proceeds from the revenue bonds would be used to make a loan to DSU to fund the construction, equipping and furnishing of an Optical Science Center for Applied Research.

The money also could be used for the purchase of the University Courtyard, a 416-bed student housing facility located on campus, and the acquisition and capital improvement of the former Sheraton Hotel and Convention Center, which is now a 264-bed student housing facility.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.