ASU is moving forward with housing
Augusta State University has closed on the property off of Damascus Road and construction will soon begin, making the university's first housing venture a reality. The closing on August 19 coincided with the closing on $20 million in bonds for the project. ASU's Foundation is making the bond financing possible. George K. Braum & Company is the investment banking firm for the project and area banks that are selling the bonds include the Bank of America, Morgan Keegan, Wachovia, and Suntrust.
Ambling Construction will be building the 508-bed, apartment-style residential community, that is scheduled to open fall semester 2005.
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September 1, 2004
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