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There was no funding for this until 1996, when the government set up the state housing fund – a mechanism for financing renovations.
Financing renovations has been challenging because revenue from Taliesin visitation has been lower than projected.
In exchange for financing renovations to the structure, the College assumed ownership of the property and house.
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But senior administration and Mexican officials suggested public-private partnerships could finance renovations.
Two decades ago, to help finance renovations, Baron von Crailsheim started renting out eight apartments, including two floors off the 14th-century turret.
The program provides grants that finance renovations required to provide assisted living for people 62 and older.
The $14.95 million bond would have financed renovations and additions for full-day kindergarten in the district of 17,600 students.
A school of iconography, now housed in the nave, produces other paintings that are sold to finance renovations.
Voters in the Town of Riverhead rejected a plan last week to sell a $4 million bond to finance renovations of a town-owned movie theater on Main Street.
Mr. Rowland reversed himself and admitted -- after facing questions first pursued by The Hartford Courant -- that "friends" had helped him finance renovations on his waterfront vacation home several years ago.
Back when housing prices were still rising, Americans borrowed exuberantly against the value of their homes to finance renovations, vacations and shopping sprees.
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