CHICAGO - The Illinois Finance Authority advanced borrowing plans totaling about $700 million for a handful of schools, cultural institutions, hospitals, and a pioneering proton therapy center in West Chicago to treat cancer.

The Northern Illinois Proton and Research Center LLC received preliminary approval to issue up to $200 million to finance building construction and to purchase equipment for the $160 million proton therapy center Northern Illinois University is building.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.