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Colleges aim to be debt-free as they upgrade campuses

Apr 16, 2018 - Crain's Cleveland Business

Kent State University is moving forward with a $1 billion makeover of its main campus - and it is planning to do so, at least the $220.8 million first phase, without issuing any new debt.

Kent State is far from alone among its peers in trying to avoid taking on new debt while upgrading its facilities. But the university believes it is being particularly creative in how it's approaching the ambitious plan that is expected to add more green space, a central entryway and modern labs and acade...