University Debt

By: AP
By: AP

The University of Alabama plans to add $54.4 million to its debt to pay for six construction projects, all of which have been given the go-ahead by UA trustees.

The bonds, which could be issued early in 2006, would bring the university's total debt to $369 million.

The university's financial affairs vice president Lynda Gilbert says she doesn't think that's much debt for a university of its size.

The six projects approved are at Lakeside Residential Community and dining facility, the Bryant Dormitory and food service center and the Sigma Nu fraternity house. A new house for Beta Theta Pi also has been approved.


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