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Bowling Green approves $55 million conduit bonds for WKU Student Life Foundation
Summary
The Bowling Green commission approved a binding ordinance authorizing up to $55 million in conduit industrial building revenue bonds for the WKU Student Life Foundation to finance renovations at Regents and Normal halls; bond counsel said the issuance is a pass-through obligation and not city debt.
The Bowling Green Board of Commissioners on Dec. 2 approved the issuance of industrial building revenue bonds in an aggregate principal amount of $55,000,000 to finance renovations at Regents Hall and Normal Hall on Western Kentucky University’s campus.
Laura Thielman, bond counsel with Frost Brown Todd, opened the required public hearing and told commissioners the financing would be issued in a conduit capacity for the WKU Student Life Foundation. "This hearing is being held in connection with…
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