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Municipal Bond Credit Report: Sale of defunct New York college’s campus gets bondholders 50% return

by

Geoff Weitzel

Municipal Bond Credit Report: A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million — a sum that, when combined with other funds, is estimated to give the college’s bondholders a recovery rate of just over 50%… Link to Story

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