Curry College Renovates With MassDevelopment Bond
August 10, 2016
FOR IMMEDIATE RELEASE
Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
Frances Jackson, Curry College, 617-333-2970 & 617-212-7766 (cell)
|(Renderings courtesy of Curry College)|
MassDevelopment has issued a $9,799,582 tax-exempt bond on behalf of Curry College, a private liberal arts college in Milton. The school is using bond proceeds to partially fund the renovation of its science building to create science labs, classrooms and offices, and to install new lighting and mechanical systems. The College is also using proceeds to help build a 20,000-square-foot, state-of-the-art learning commons that will connect the science building and the college’s library. The learning commons will feature common areas, meeting rooms and study spaces equipped with technology and resources that support learning in and outside the classroom. East Boston Savings Bank purchased the bond.
“This bond will allow Curry College to renovate its campus to emphasize STEM learning and continue to provide an outstanding learning environment in the Commonwealth,” said MassDevelopment President and CEO Marty Jones. “MassDevelopment is pleased to leverage low-cost tax-exempt financing to help make this project a reality.”
Curry College offers 25 undergraduate majors, more than 65 minors and concentrations, and four graduate degree programs in education, criminal justice, business administration and nursing. The college enrolls 2,000 traditional undergraduate students, 1,400 continuing education students, and more than 300 graduate students.
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units.