The funds will be applied toward projects including: a new building on the main campus for USA’s schools of Nursing and Allied Health Professions, to be built at the corner of University Boulevard and USA North Drive; a new student recreation center, likely to be built just west of the Mitchell Center on Old Shell Road; additional construction and equipment support for the Mitchell Cancer Institute; beautification projects on the main campus, including a campus bell tower, located near the Mitchell Center and Alumni Hall, which will be financed primarily through alumni donations; and infrastructure repairs and improvement throughout campus, including roofs and air conditioning systems.

University officials noted that growth in USA’s enrollment and health care programs, coupled with low interest rates, made it a good time to issue the long-term bonds, which will be paid back with tuition, fees and other University revenues over the next 30 years.

“We believe the timing is right to invest in these projects, which are important to our students and the many people we serve through our health care programs,” said USA President Gordon Moulton.