$75M bond funding approved for Gonzaga

The Washington Higher Education Facilities Authority has approved $75 million in bond financing, which will be split toward funding new facilities and refinancing debt at Gonzaga University. Of the total, $45 million in tax-exempt bonds will finance partially the university’s new Integrated Science and Engineering building. The WHEFA said the tax-exempt financing will save the university more than $1.5 million in interest of the life of the bonds.