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DASNY Issues $863M in Bonds for NYU Projects

The proceeds from the Green Bond issuance will help finance sustainable construction projects and equipment at NYU’s 181 Mercer St., 370 Jay St., and the Langone Health Science Building.

New York University’s 181 Mercer St. New York University’s 181 Mercer St.

NEW YORK CITY—The New York State Dormitory Authority has issued a total of $862.8 million in bond financing to fund construction and renovations projects at New York University properties in Manhattan and Brooklyn, including initiatives geared at reducing the university’s carbon footprint.

The bond financing issued by DASNY on behalf of NYU consisted of offerings of $603.5 million in tax-exempt bonds and $259.3 million in taxable bonds. The financing also included more than $83 million in Green Bonds. The financing will be used in conjunction with previous financings to advance construction and renovation projects throughout the university system.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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