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UWF expansion project collapses

CENTURY   --  A deal to fund a 40-million dollar expansion at the University of West Florida has collapsed.

Thursday, we told you about the bond issue from the town of Century that would fund the project which includes a hotel, conference center, and additional student housing.
Later in the day, Capital Trust Agency decided that the bond market is not stable enough right now to go through with the plan.
There's no word yet, on what the next step will be.