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Bowling Green approves $55 million conduit bond for WKU Student Life Foundation to repair residence halls
Summary
The City Commission adopted a second-reading ordinance authorizing up to $55 million in conduit industrial building revenue bonds for the WKU Student Life Foundation to finance repairs to Regents Hall and Normal Hall; city staff emphasized the bonds are a conduit transaction and not a city obligation.
The Bowling Green Board of Commissioners on Dec. 2 approved an ordinance authorizing up to $55,000,000 in industrial building revenue bonds for the Western Kentucky University Student Life Foundation to finance repairs and improvements to Regents Hall and Normal Hall on WKU’s Normal Drive campus.
Laura Thielman of Frost Brown Todd, bond counsel for the transaction, told the…
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