$50M tax-exempt bond to fuel Wellesley College renovation

Wellesley College buildingThe state’s finance and development agency, MassDevelopment, has issued a $49.8 million tax-exempt bond on behalf of Wellesley College, which will use bond proceeds for several major infrastructure projects. Those projects include work on the Tower Court residence hall; steam lines to various parts of campus; maintenance and renovations in residence halls and academic buildings; and modernizations to improve access and sustainability of existing facilities. Cranes have already sprung into action on campus, which hosted commencement ceremonies last week.

According to the Boston Business Journal, the school is undergoing a $100 million renovation funded additionally through taxable bonds and other financing.

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