Univ. of Rhode Island Debates Public vs. Private Funding for Dorms

Piazza, Johanna
March 2003
Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p4
Trade Publication
The article reports about a debate by University of Rhode Island officials on how to fund a 60 million dollars student housing project at its Kingston campus.The issue focuses on whether to try out a new development method of hiring a private company to handle both construction and funding, or to follow the more traditional approach of using a private company for the construction and allowing the state to issue bonds and assume the debt. Stephen P. McAllister, associate commissioner of higher education for the Rhode Island Board of Governors for Higher Education, favors the more conservative approach to financing, lending state bonding with private fundraising. Bond proposals are before the governor and legislature for state-backed issuance equaling approximately 25 million dollars to provide funds for renovations to existing facilities across various University of Rhode Island campuses.


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