The Development Authority of Bibb County agreed Tuesday to issue revenue bonds for up to $40 million for Macon State College.
The school plans to use the money toward building and furnishing a 250-bed student housing facility and an 80,000-square-foot student wellness and recreation center.
A year ago this month, the Authority authorized the issuance of a $15 million bond to help the college finance its first venture into on-campus student housing. It purchased an existing apartment complex off Ivey Drive near the campus that provided about 335 beds for students.
That student resident facility was about 95 percent full last year.
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