NEW YORK CITY—New York University has issued a total of $593 million in bonds through the Dormitory Authority of the State of New York for several of its major projects here.
The bond issuance was announced by DASNY today. A total of $316 million in proceeds will go to the construction of a mixed-use building at 181 Mercer St., which will include dozens of new classrooms; spaces for performing arts education, training, and rehearsals; student and faculty housing and a replacement sports and recreation facility.
The $593 million issued by DASNY on behalf of NYU was offered as a $349-million tax-exempt series and a $244-million taxable series.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
