We're planning something big for 2025.
The Arkansas Tech University Board of Trustees authorized the issuance of revenue bonds in an aggregate principal amount not to exceed $29,800,000 during its meeting at Chambers Cafeteria West Dining Room on Thursday, Oct. 20.
The bonds will finance a portion of the construction, furnishing and equipping of a new student union and recreation center on the ATU campus in Russellville.
Per the authorization granted by trustees, the bonds shall mature not later than Dec. 1, 2052, and shall have an annual interest rate not to exceed 6 percent.
The new facility will be constructed on the parcel of land currently occupied by the W.O. Young Building, which will be demolished beginning later this year.
Original source can be found here.
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