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Salem State University Awards $27,300,000 Debt Contract to Massachusetts State College Building Authority (May 2025)

Salem State University
Disclosed value
$27,300,000
From minutes
Approved
May 21, 2025
Term
30 years
Renews
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Renewal date on recordLocked

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THE 30-SECOND BRIEF

What it covers

MSCBA authorized to issue $27.3M bonds for SSU BOLD project over 30 years, serviced by $45M investments and $10M cash reserve, avoiding student fee increases.

Who holds it

Massachusetts State College Building Authority holds this debt contract with Salem State University. Its other public contracts on record include work for Westfield State University and Town of Ashland.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Salem State University contract.

Contract details

Contract type
Debt
Amount
$27,300,000
Document date
May 21, 2025
Term
30 years
Renews
Free account
Vendor
Massachusetts State College Building Authority
Agency
Salem State University
Source document
finance_facilities_committee_meeting_report_may_21.pdf (Minutes)

Massachusetts State College Building Authority's other public contracts

Westfield State University, MassachusettsMSCBA bond approved for residence hall IT upgrades · May 12, 2026Town of Ashland, MassachusettsStormwater Permit Approved for Warren Conference Center Upgrades · Sep 29, 2025UndisclosedSalem State University, MassachusettsBoard Approves $27.3M BOLD Project Bond Financing · May 21, 2025Massachusetts Department of Higher Education, MassachusettsBHE Approves MSCBA-Financed Westfield Apartments Renovation · May 20, 2025Massachusetts Department of Higher Education, MassachusettsWestfield State housing renovation project approved · May 20, 2025All Massachusetts State College Building Authority contractsVendor profile

More Salem State University contracts

WITHUMSalem State Discusses FY2026 Audit With Withum · May 20, 2026UndisclosedNational Institute for Student Success (Niss)Salem State Continues Student Success Work With NISS · May 20, 2026UndisclosedCambridge TrustCambridge Trust Reviews Salem State Investment Performance · May 20, 2026UndisclosedWITHUMSalem State Approves Withum Auditing Services Through FY2028 · Apr 8, 2026Massachusetts State College Building Authority (Mscba)Salem State Authorizes MSCBA BOLD Project Bond Issuance · Apr 8, 2026All Salem State University activityAgency profile

Questions about this contract

Who was awarded the debt contract by Salem State University?

Massachusetts State College Building Authority was awarded this debt contract by Salem State University, as recorded on May 21, 2025. The contract value is $27,300,000.

How much is the Massachusetts State College Building Authority contract with Salem State University worth?

The Massachusetts State College Building Authority contract with Salem State University is valued at $27,300,000, covering debt work.

What type of contract is this?

This is a Debt contract, documented as a minutes record.

Where was this contract approved?

This contract appears in finance_facilities_committee_meeting_report_may_21.pdf (Minutes), dated May 21, 2025 from Salem State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Massachusetts State College Building Authority hold?

Massachusetts State College Building Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Salem State University currently buying?

Explore Salem State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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