Originally posted by Bart
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Originally posted by Bart View Post
Does this mean IUP is the only school in the PSAC with a negative outlook? This would certainly affect the new conference alignment.obligation through taxation or revenue from projects.
A general obligation bond (GO) is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project. General obligation bonds are issued with the belief that a municipality will be able to repay its debt
So, I'm pretty sure this has to do mostly from the KCAC financing and possibly also from privatized residence financing. Both of those are dependent on revenue from their operations to pay off bonds. As we know, the KCAC has been decimated. I believe all events through August are canceled. It probably will go beyond August. The private housing doesn't have a rosy outlook, either.
This is bad for IUP. Aside from the factors that will impact all schools, IUP has a high percentage of foreign students, especially grad students and particularly in the Business school. That will likely make the enrollment impact bigger.
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