$45 Million Gift to Fund New Academic Center

PHILADELPHIA — Drexel University has received a $45 million gift from financier and corporate executive Bennett S. LeBow, chairman and CEO of Borders Book Group, which will go toward construction of a new academic center for the College of Business, which was named in LeBow’s honor in 1999.
 
Drexel President John A. Fry says the gift is the largest donation to the university from a single donor and the largest by an alumni benefactor.

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Pa. Schools to Receive $325.5 Million for Projects

WORMLEYSBURG, Pa. — The Pennsylvania State Public School Building Authority, a state agency that assists school districts and community colleges in obtaining financing, is selling $325.5 million in taxable qualified school construction bonds, representing the largest bond deal the program has made since it started up last year.
 
The bonds, which will be released Sept. 30, will support renovations and building projects at 46 districts statewide.

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