Medford, MA – MassDevelopment issued a $34 million tax-exempt bond on behalf of Tufts University, that will use bond proceeds to complete renovations to its residential and academic facilities on the Medford portion of its Medford/Somerville campus.
The bond was sold through a public offering underwritten by Barclays Capital Inc.
Tufts University plans to renovate its Houston and Miller residence halls, adding a combined 36 new units as well as an elevator in each building, improving common areas and bathrooms, repairing windows, updating HVAC and electrical systems, restoring exterior masonry, and replacing building roofs.
The university also plans to renovate its Barnum and Dana academic buildings, including replacing windows, updating HVAC and electrical systems, and installing a fire sprinkler system. Additionally, the kitchen at its Carmichael Dining Hall will be upgraded and the building’s HVAC and electrical systems will be repaired.