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Colby looks to bonds
to finance growth
B y L a u r i e S c h r e i B e r
C
olby College plans to spend up
to a quarter-billion dollars on
new campus buildings, with minimal
impact on the college's endowment.
As part of its long-term planning pro-
cess, Colby College in January 2015 issued
$100 million in bonds, and currently is
working to approximately double its
fundraising, to $50 million per year.
"So we're going to have to raise more
money than we have in the past, in addi-
tion to debt financing," says President
David Greene, who joined the university
in 2014 after being executive vice presi-
dent of the University of Chicago. "Early
signs are positive on that."
C O N T I N U E D O N PA G E 2 2
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S E E W H O ' S N E X T O N PA G E 4 2
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Maine State Credit Union tops our list
of Maine's largest credit unions.
6 C-stores at the heart of deal
A Massachusetts
owner of gas stations
and convenience
stores has acquired a
Manchester-based
family business.
26 The future of funding
Maine's funding
sources are going
through changes, but
former MTI leader
Bob Martin is quietly
shaking things up.
34 Knocking on doors in Bangor
Bangor's economic
development director
is building a track
record of attracting
new investment.
W h o s e
power
is it?
Southern New England's
need for clean energy spurs
wind farm development —
and opposition — in Maine
B y J a m e s M c C a r t h y
S TA R T I N G O N P A G E 14
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$2.00
April 18, 2016
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