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Connecticut General Assembly

Malloy administration approved costly financing for UConn outpatient facility

Gov. Dannel P. Malloy's administration approved the financing method for a University of Connecticut Health Center project that auditors say will cost the state $77 million in "unnecessary" interest. And while the governor's budget chief, Benjamin Barnes, said Thursday that UConn selected that financing option when an originally planned private-public partnership never materialized, records show university officials discussed going back to the legislature and pursuing less costly financing. Also Thursday, the Senate's top Republican said he believed the financing plan was employed – regardless of the cost – to spare the Democratic governor political...