Southern Illinois University plans major upgrades

Lynn Russo Whylly's picture

Southern Illinois University’s campus in Carbondale is set to undergo a number of capital improvement projects that will be financed in part by $29.4 million in so-called “certificates of participation,” a type of financing where investors purchase shares of the lease revenue of a project rather than bonds secured by those revenues.

Those certificates of participation will be issued “any day,” university officials said Tuesday.

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