December 3, 2010

KENT, Ohio — A financing snag has derailed the proposed renovation and construction plan at Kent State – at least for the time being.

 

According to reports, Eric Fingerhut, chancellor of the Board of Regents, was against the implementation of a new student fee that would have been use to pay off $210 million in bonds from the Federal Stimulus Build America Bonds program. Unless it’s renewed, the federal bonds program is slated to sunset at the end of the year. University officials say the delay could result in another $57 million i