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How will construction costs be financed?

April 26, 2017Construction costs financed

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How will construction costs be financed?

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Construction of Phase 1 of the new campus will be financed through a combination of contritubions from Alliance and Nazarene congregations, individuals, foundations, and corporations, along with proceeds from the sale of college commercial interests, internal financing and long-term mortgage debt. The amount of mortgage debt will depend upon the total charitable gifts received towards the project.