Public Finance Authority

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PFA Closes $326M Financing for Kansas University Campus Development Corporation

The Public Finance Authority (PFA) issued $326,945,000 million of revenue bonds for the purpose of financing the acquisition, construction, equipping and improving the Central District development project for the University of Kansas. The bond proceeds will be used to build a new science center, student union, student housing facilities, student dining center, parking, utility plant, and necessary infrastructure improvements.

The Kansas University Campus Development Corporation (KUCDC), a non-profit, special purpose vehicle controlled by of the Regents of the Board of the University, was created to raise capital and contract with private-sector partners to deliver the design, construction and elements of operations and maintenance of the project.

The project will allow the University to address a critical need for new academic space and promote a new active-learning environment that fuels excellence and innovation. These priorities will come together in the strategic development of approximately 40 acres in the Central District. 

PFA partnered with JP Morgan Chase and Orrick, Herrington & Sutcliffe to provide financing to KUCDC in order to enhance academic spaces and to strengthen education, teaching and research while turning scholars into leaders and innovators.