The debt includes $60 million in bonds issued by the Harrisburg Authority to finance the construction of the university’s 16-story building on Market Street.
Dauphin County guaranteed that debt, agreeing to pay $1.5 million should the university default on its bond payments.
According to the most recent loan agreement, the university has “defaulted” on a $1 million loan from the county.
See: Harrisburg University president says resignation not about finances
HARRISBURG PATGRIOT-NEWS: …That debt includes $60 million in bonds issued by the Harrisburg Authority to finance the construction of the university’s 16-story building on Market Street.
Dauphin County guaranteed that debt, agreeing to pay $1.5 million should the university default on its bond payments.
According to the most recent loan agreement, the university has “defaulted” on a $1 million loan from the county…
