Is a building spree coming

For Tennessee higher education?  Low interest rates could spur development.  From the Knoxville News Sentinel.

UT, Board of Regents looking to cash in on bond prices
Leaders at Tennessee's two higher education systems are looking to take advantage of historically low interest rates as a means of funding as much as $1.5 billion in new construction projects on college campuses across the state.

University of Tennessee and Tennessee Board of Regents officials are discussing with policymakers the potential for a major bond authorization during the next legislative session that could green light dozens of projects, including new science buildings on the Knoxville campus.

Historically, the state has used leftover revenue to pay for a handful of projects at time, though there has not been a new higher education construction project in several years, said UT President Joe DiPietro.

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