One of the Most Intriguing Sectors Finally Starts To Shake Up The Capital Markets

Daulerio, A.J.
April 2003
Bond Buyer;4/21/2003, Vol. 344 Issue 31618, p4a
Trade Publication
Cultural institutions, like many other nontraditional nonprofit organizations, depend on nontraditional financing. The enticingly low interest rates have kept cultural institutions willing to take on more debt and continue to expand. The center, which opened 14 years ago as of April 2003, will issue its first-ever debt, floating approximately 200 million dollars of revenue bonds later in 2003 to be used towards a major expansion, which includes a 2,000-seat concert hall.Susan Neiman, chief financial officer of the Roundabout, said this is the first time the Manhattan-based theater company has even considered issuing debt.


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