Image courtesy of Springfield College

A $107 million financing package from MassDevelopment will pay for a series of projects at Springfield College, including $45 million for a new health sciences building that received a Green Bond designation.

The rest of the financing will be used to build an academic quad and campus pavilion, renovations to academic and residential buildings, upgrades to the steam plant, new recreation areas and refinancing of existing debt, MassDevelopment announced.

The science building plans’ environmental sustainability have been approved for the Green Bond designation by Kestrel Verifiers. The 76,000-square-foot facility is designed by Centerbrook Architects of Connecticut to attain LEED Silver certification, and its parking lot will include electric vehicle charging stations and solar canopies. The bond was sold through a public offering underwritten by Hilltop Securities Inc.

MassDevelopment in 2016 provided $63 million in tax-exempt bond financing to the college for renovations and expansion of the Babson Library into the new Learning Commons facility.

Green Bond to Finance Springfield College Academic Building

by Banker & Tradesman time to read: 1 min