Bowling Green, Kentucky – The Executive Committee of Western Kentucky University's governing board has approved a bond re-financing package that could eventually save the state as much as $500,000. The new bond issue will pay off bonds that were used to build the Ivan Wilson Fine Arts Center, the Cravens Graduate Center, and the Downing University Center on Western's campus.
University officials say the 2.57 percent interest rate in the re-financing package should save the state of Kentucky 69 to 74 thousand per year, over the life of the bonds.