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CLARKSVILLE, Tenn. – State Representative Curtis Johnson (R-Clarksville) announced Thursday that the Tennessee State School Bond Authority has approved short term financing to be used, in part, to acquire over 10 and a half acres of what is known as the Jenkins & Wynne property for Austin Peay State University.
This acquisition will be funded by Campus Plant Funds and the short-term bond issue.
The property is located on College Street, directly across from the campus.
“The action of the School Bond Authority is a crucial step in financing this project,” Rep. Johnson said. “The short-term bond should be paid off within five years.”
“It has been a pleasure working with President Alisa White and her staff on this project. She immediately saw the value of expansion; and the fact that this adjacent Jenkins & Wynne dealership property is available, opens doors for potential growth,” Johnson added.
The plans should be finalized before the end of the year.