University of Oregon President Richard Lariviere proposes using $1 billion bond sale to finance university for 30 years
By Bill Graves, The Oregonian
May 11, 2010, 11:43AM
University of Oregon President Richard Lariviere wants to give his university more independence from eroding state financial support.The University of Oregon president wants to give the university more stability and independence by using nearly $1 billion in bond sales to run the school over the next three decades.
The proposal raises a "host of questions," said Paul Kelly, president of theState Board of Higher Education.
President Richard Lariviere has talked since he took office in July about seeking an alternative funding plan to give the university more control over its fate in the face of eroding state support. He is scheduled to present his plan to the university community on Friday. He previewed the bond proposal on April 29 in remarks at the university's annual Business Hall of Fame, the Portland Business Journal reported. He is scheduled to formally