Metro State turns to stimulus bonds for new building--12/13 Denver Post article

I just found this article on what Metro is doing with the stimulus funds in the Denver Post...
-Lizzy

Metropolitan State College is using government-subsidized stimulus bonds to pay for a new building that will free up more classroom space on the overcrowded campus.

It is the first time a college in the state has used the low-interest Recovery Zone Economic Development Bonds — created by the Obama administration to boost an ailing economy — to reduce construction costs.

The federal government will pay 45 percent of the interest on the $52 million building, a subsidy that reduces the interest rate on the bonds to 3.35 percent.

"That is the lowest in Colorado since the early '60s," said Metro State spokeswoman Cathy Lucas.

Enrollment at the school, now at a record 22,904, has climbed steadily

The new Metro State building will replace the trailers that are used as offices and classrooms. (RJ Sangosti, The Denver Post )over the past few years, rising 5.5 percent last year alone.

To read the full piece, click here.

http://www.denverpost.com/ci_13986790