The City Colleges of Chicago Board approved on Thursday issuing a $250 million bond that is intended to fund the system’s five-year capital plan.
The capital plan, which totals $524 million in improvements, includes $251 million for the construction of a new Malcolm X College and a 1,500-car parking lot located south of the United Center at Jackson and Damen streets. The planned 500,000 square-foot facility will be designed to train students for 84,000 job openings in healthcare over the next decade.
