Boston – MassDevelopment has issued a $77,255,000 tax-exempt bond on behalf of Simmons University, which will use proceeds to renovate and convert LeFavour Hall and a portion of the main college building into a new science center.
The updated facility, expected to be complete in late 2021, will feature a reconfigured library and new labs and a simulation center, classrooms, offices, and meetings spaces needed to support the chemistry, biology, physics, nursing, physical therapy, and other programs within the College of Natural, Behavioral, and Health Sciences.
The bond was sold through a public offering underwritten by Barclays Capital Inc.
Bond proceeds will also be used to upgrade classrooms, offices, labs, and support spaces in its main college, Palace Rd., and management buildings.
“Simmons University’s new science center will offer an improved educational experience for current students and help the school attract prospective students to its leading science programs,” said MassDevelopment President and CEO Lauren Liss.
Founded in 1899, Simmons University is a four-year private university that is home to a women’s undergraduate program and coeducational graduate programs.