Kent State University has postponed a $250 million capital program amid opposition from the Ohio Board of Regents.
The board is opposed to imposing a new student fee that school officials said was necessary to pay off $210 million of borrowing to fund the capital program, local reports said.
The school had planned to float the debt as Build America Bonds before the end of the year. Officials told reporters that the school was still "committed" to the construction but would wait until incoming Republican Gov. John Kasich unveils his fiscal 2011 budget early next year.
Earlier this year, Kent State sold $24 million of BABs to finance a new academic center at a campus located in the city of Twinsburg.
