Boston – MassDevelopment has issued a $207.5 million tax-exempt bond on behalf of Emerson College.
The bond proceeds will be used to build an 18,000sf dining facility on Boylston Street and to make repairs and renovations to the Little Building residence hall at 80 Boylston Street.
Renovations include repairing exteriors, replacing interior stairwells, installing a new fire safety system, and adding approximately 290 undergraduate beds. The college is also using proceeds to buy land at 555 Washington Street under the Paramount Center complex.
“The new, multipurpose student dining center and residence hall projects . . . will further enhance the student experience and create a vibrant streetscape for community members, neighbors, and the thousands who visit the Boston Common and Theatre District each year,” said Emerson vice president for administration and finance, Maureen Murphy.