DALLAS — The University of Arkansas will begin a multi-year effort to renovate facilities at its main campus in Fayetteville with most of the proceeds from this week's negotiated sale of $51.9 million of facility revenue bonds by the University of Arkansas Board of Trustees.

Several of the projects being financed with bond proceeds are part of a long-term, $218 million effort to catch up with years of deferred maintenance at the Fayetteville campus, along with renovation of existing facilities to new uses.

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