Aziza Jackson, School Construction News
ALBANY, N.Y. – New York University (NYU) is moving forward with plans to advance sustainable construction and renovation projects throughout its university system.
Gerrard P. Bushell, Ph.D., president & CEO of the Dormitory Authority of the State of New York (DASNY), recently announced that NYU issued $862.8 million in bonds through DASNY. The financing will be used in conjunction with previous financings to advance construction and renovation projects throughout the university system. The $862.8 million issued by DASNY on behalf of NYU was offered as $603.5 million in tax-exempt bonds and $259.3 million in taxable bonds.
The issuance includes more than $83 million in Green Bonds providing investors with the opportunity to directly support projects that NYU has identified as environmentally sustainable. Green Bond proceeds will go toward sustainable construction projects and equipment at NYU’s 181 Mercer Street, 370 Jay Street, and the Langone Health Science Building.