College wants to build additions class rooms and administrative office. You are the CFO of the College;
1. How does the President goes about to finance these long terms projects that will cost between $30 million to $50 million?
2. What role do financial Institutions play in such a project?
Answer for following:
a) College has to justify need to the college Chancellor.
b) Chancellor to board of Trusties.
c) To the Mayor & City Council for approval
d) Financing phase
e) Bank selection etc.
f) Under writer? What? Sells what to raise capital.