Sheridan College's President Paul Young says the construction and remodel of the college's Thorne Rider Campus Center is well under way, with plans to open the facility by summer.
In an interview Thursday, the president said a total of $8.3 million in revenue bonds will be issued to help finance the project. The Northern Wyoming Community College District trustees, who administer the college, approved issue of $4.3 million in revenue bonds at their meeting Wednesday.
The project, which will cost a total of $11.7 million, includes remodeling the existing 16,000 square feet of the building and adding another 12,000 square feet.
Sheridan College Vice President Cheryl Heath describes the project.
Heath said the college will finance the remaining cost of the facility, which will be about $3.4 million.
Trustees learned at Wednesday's meeting that Standard & Poors has given the college an A-plus rating. The company is a professional financial ratings service. Sale of the bonds will be finalized Sept. 24.
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