ASU representatives asked the Albany Dougherty Inner City Authority to issue $44 million dollars in bonds for the project.
Some board members worried that in a worst case scenario taxpayers could get stuck with a bill.
They were assured the 30-year bonds are backed by the Board of Regents.
"There's no obligation of ADICA the county or the city. It's all on the students and university. There will be a foundation set up to be the owner," says Larry Wakefield, ASU Vice President of Fiscal Affairs.
A-S-U hopes to increase enrollment by up to 5-thousnad students over the next 5 or 6 years. The new housing and student center will be built near the HPER gym starting in August.
Construction should take about a year.
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