Did you buy any of the $300 million USC offered in century bonds this week?
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Did you buy any of the $300 million USC offered in century bonds this week?
I have heard that education is the next bubble and SC is over-leveraged. Perhaps this is evidence that the rumors are true.
No offense MG, but your statement couldn’t be more wrong. USC has over $2.5 BILLION in cash and stock, most buildings going up are owned free and clear (because they were donated) and USC’s operating expenses are all paid by new cash revenue (tuition).
I believe the bond money is 1.) to help finance a developer (probably Caruso) start the UV Master Plan, 2.) possible aquisition of Expo Park and maybe even the Coliseum, and a distant 3.) to restructure any existing debt.
FIGHT ON!!!
Geez, I wonder how the UC system will fare in the next few years. Higher tuition, good professors leaving, state of California hopelessly and forever in debt…lot’s of luck there.