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Boston & New England  + Metro Boston  + Finance  |  October 28, 2024
Paul Bubny
By: Paul Bubny

$106M Bond Supports New Development at Williams College

MassDevelopment has issued a $105,820,000 tax-exempt bond on behalf of the President and Trustees of Williams College in Williamstown. The second-oldest institution of higher learning in Massachusetts, Williams will use bond proceeds to finance several projects on the college’s campus, including building and equipping a new art museum and multipurpose recreation center, implementing the college’s energy and carbon master plan, and renovating and equipping dormitories and dining facilities, among others.

“Our colleges and universities drive Massachusetts forward by advancing knowledge, empowering our future workforce, and supporting local economies,” said MassDevelopment deputy director and SVP Marcos Marrero. “MassDevelopment is pleased to help schools like Williams College access low-cost, tax-exempt financing to build out or renovate their campuses in support of students and faculty.”

The bonds were sold through a public offering. Goldman Sachs served as lead underwriter and B of A Securities and Samuel A. Ramirez & Co served as co-managers.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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