Colorado State University sells $171 million in bonds

Katie Schmidt

The Colorado State University System has secured more than $171 million in bond financing, according to a press release.

The bond package supports six construction projects sold in less than four hours Thursday, including a biology building, the medical center that will be built at Prospect Road and College Avenue, academic and alumni space that will be on the east side of the on-campus stadium, the relocation and construction of the W.D. Holley Plant Environmental Research Center, a parking garage on the corner of Pitkin and Mason streets and a new parking lot across from the Veterinary Teaching Hospital on Drake Road.

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“This financing package will allow CSU to meet the needs of a growing student body with world-class academic and research facilities, as well as critical infrastructure to support students, faculty and staff,” said Richard Schweigert, chief financial officer of the CSU System, in a press release.

The financing package included Colorado green bonds associated with the new medical center, which is intended to achieve a Silver certification level under the Leadership in Energy and Environmental Design program. Green bonds match investors with environmentally-friendly projects.

Collegian Managing Editor Katie Schmidt can be reached at news@collegian.com or on Twitter @KatieDSchmidt.