June 10, 2008 — Life University has been approved for $80 million in tax-exempt revenue bonds to acquire, construct, renovate, and equip a variety of facilities on its Marietta campus.
The new project, the first phase of a long-term plan, includes student housing for 300, a parking deck of 600 spaces, a “gymatorium” for graduations and assemblies, a day-care center, and a new café, as well as covered sidewalks and extensive landscaping.
The bond’s issuance is under the authority of the Development Authority of the City of Marietta, which met June 9 and approved the proposal. The bonds will not constitute a debt of the City of Marietta in any way, but will be payable solely by Life University.
Source: Life University, www.LIFE.edu