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MSCBA bond financing planned for SSU BOLD project

Salem State University logoSalem State University
Disclosed value
$27,300,000
From meeting report
Document date
Mar 26, 2025
Term
30 years

The 30-second brief

What it covers

MSCBA to issue $27.3M tax-exempt bonds over 30 years to fund SSU BOLD, minimizing impact on student fees.

Who holds it

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

What happens next

Term as filed: 30 years.

See who signed off on this $27.3M contract.

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Contract details

Contract type
Debt Financing
Amount
$27,300,000
Document date
March 26, 2025
Term
30 years
Vendor
Massachusetts State College Building Authority
Agency
Salem State University
Source document
finance_facilities_committee_meeting_report_march.pdf (Meeting Report)

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, MassachusettsMSCBA issues $27.3M bonds for SSU BOLD project · May 21, 2025$27.3MSalem 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, 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, 2026UndisclosedMassachusetts State College Building Authority (Mscba)Salem State Authorizes MSCBA BOLD Project Bond Issuance · Apr 8, 2026WITHUMSalem State Approves Withum Auditing Services Through FY2028 · Apr 8, 2026All Salem State University activityAgency profile

Questions about this contract

Who was awarded the debt financing contract by Salem State University?

Massachusetts State College Building Authority was awarded this debt financing contract by Salem State University, as recorded on March 26, 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 financing work.

What type of contract is this?

This is a Debt Financing contract, documented as a meeting report record.

Where was this contract approved?

This contract appears in finance_facilities_committee_meeting_report_march.pdf (Meeting Report), dated March 26, 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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