University sells $500 million in bonds for academics

11/6/2011: Ohio State has just borrowed big to fund an expansion of the academic side. Fascinating Oregonian column by David Sarasohn here on the very unusual 100 year bonds. (Yes, we know Frohnmayer sold $230 million in bonds for 2008, but that was for a basketball arena – although tuition money guarantees the repayment.) You know President Lariviere with his New Partnership, and Governor Kitzhaber with his 40/40/20 plan, are watching to see how this goes over. And so is UO’s Athletic Director, Rob Mullens – who may well want to soon call on UO’s borrowing authority to expand Autzen Stadium. Especially now that he knows how easy it is to trick the academic side into repaying athletic department debts.

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