Tufts University is carrying out major upgrades to some of its residential and academic facilities at its Medford/Somerville campus with the help of new state financing.
MassDevelopment issued a $34 million tax exempt bond in December to support the improvements, all of which will be on the Medford portion of the campus.
The project began in the spring of 2018 and is set for completion this summer. The work involves renovating the university’s Houston and Miller residence halls, adding a combined 36 new units as well as an elevator in each building; improving common areas and bathrooms; repairing windows; updating HVAC and electrical systems; restoring exterior masonry; and replacing building roofs.
The upgrades also include renovating the Barnum and Dana academic buildings, including replacing windows; updating HVAC and electrical systems; and installing a fire sprinkler system. Additional work involves upgrading the kitchen at its Carmichael Dining Hall and repairing the building’s HVAC and electrical systems.
The bond was sold through a public offering underwritten by Barclays Capital. The overall $60.5 million project began last summer and is set for completion this summer.
“Our investment in these important renovation projects will ensure that our students and faculty will be able to live, learn, teach and conduct research in facilities that support Tufts’ reputation as a world-class, student-centered research university,” Thomas S. McGurty, vice president for finance and treasurer at Tufts, said in a statement. “The projects also will enable us to increase the number of students living on campus, which continues to be a university priority.”
Tufts, which also has campuses in Boston, Grafton, and Talloires, France, enrolls about 11,449 undergraduate and graduate students.
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