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Troy Industrial Development Authority to Issue Bonds for Campus Construction

Campus.News reports that the Troy Industrial Development Authority will issue $220 million in tax-exempt bonds for the development of the biotechnology, performing arts, and parking garage projects on the RPI campus. These projects have all been approved by the Rensselaer Board of Trustees and the Planning Commission of the City of Troy.

Some estimates indicate that the City of Troy will receive proceeds of $500 thousand dollars from the bond issue. These proceeds will be used for additional economic development projects.

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The Rensselaer Club of New Jersey (RCNJ) is a regional chapter of the Rensselaer Alumni Association that serves the State of New Jersey.

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