Arizona State University in August will open its new College of Nursing and Health Innovation in downtown Phoenix that has been built with proceeds from bonds issued by the city.

The project originally was financed with nearly $30 million from the $220 million of debt for ASU facilities contained in an $878.5 million general obligation bond package approved by voters in 2006. The city later agreed to cover an expansion to the facility with $10 million of excise tax bonds.

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