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Message: [QUOTE="supp, post: 495729, member: 702"] No, most major building projects on campuses across the country are covered in part by loans and bonds. Some percentage of yearly revenues goes to service that debt. As I said in another thread, Harvard might have a huge endowment totaling more than $30 billion but it also has some $7 billion in debt. I'm sure the SUAD is also financing some projects or getting some projects off the ground by borrowing money. The $64,000 question, though, is how much debt do they already have and can they take on more at this time? [/QUOTE]