Georgetown University seeks up to $675 million in revenue bonds to finance renovations and new construction on its properties.
Georgetown University has requested the District of Columbia issue up to $675 million in revenue bonds to finance renovations and new construction on its properties. The bonds will be used for projects including the renovation of academic buildings, the construction of a new science center, and the upgrading of technology infrastructure. The university, a private nonprofit, will use the funds to improve facilities on its main campus and law center. The bonds will not be backed by the District of Columbia and will not constitute a debt of the District.
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