Peter Polinak, vice president for finance and treasurer, was quoted in an article that appeared in the Jan. 14 issue of Bond Buyer magazine. The article discussed Gov. Pataki's proposal to aid capital construction on private college campuses. The first-time ever proposal by New York Gov. George E. Pataki would subsidize capital construction at private colleges and universities that could lead to the sale of $250 million in debt.
At Hobart and William Smith Colleges, Pataki’s plan could help fund a new performing arts center and student union, estimated to cost as much as $25 million.
“We think this proposal is very good. We definitely have capital needs that we’ve put off,” Poliniak said. “We could leverage our gifts, and make it that much more economical for us to do it.”