About a half a bil. Which is couch-cushion money when you can just steal it from other Kansans.
Remind me again how that works, public bonds backed by the state?
Might have changed, but the initial announcement said $300 million in KU fundraising, $35 million in ARPA funds (another example of ridiculous usage of those funds around the country) along with $50 million from the state commerce department's "University Challenge Grant" program. The latter is a match dealio and KU is supposed to raise at least $150 million to then get the $50 million.
Given the cost overages already, they'll need to amp up the fundraising or figure out something with bonds. Considering they already got the challenge grant funds (supposed to go towards economic development projects), it would seem that this is a candidate for STAR bonds too (if they haven't secured that possibility already). If they get STAR bonds, those will essentially take away local and state sales tax revenues to pay back the bonds and those revenues would have gone elsewhere (schools, other local needs, etc.). There's a growing amount of research that basically says STAR bonds are largely beneficial only to the recipient (and not the municipality/state) and that cities/states should stop using them.
Dax should weigh in here too - he's probably much more knowledgeable on this stuff.