DREW UNIVERSITY

$48.9 million Tax Increment transaction Final piece of $240 million residential, retail and entertainment district 58 acre site

Debt restructuring part of University’s turnaround plan Restructuring provides relief from debt service obligations

$59 Million public-private transaction 35 year agreement monetizes University’s parking operation Allows funding of long-term investments in academic facilities/programs

$55 million tax-exempt and taxable revenue bonds; up to $95 million permitted 1,200-acre former campus of Brooks Air Force Base…