Harrisburg University sells $100 million in bonds to build 11-story tower in Harrisburg

Ioannis Pashakis//January 13, 2021

Harrisburg University of Science and Technology sold $100 million in bonds to fund the construction of an 11-story health science and advanced manufacturing educational facility in Harrisburg.

The Harrisburg-based private university announced on Wednesday that it sold the tax-exempt bonds to “global sophisticated investment firms.” They were issued through the Dauphin County General Authority and marketed and sold by RBC Capital markets.

“This is positive economic news for central Pennsylvania,” said Eric Darr, president of Harrisburg University.. “HU was founded to prepare people for family-sustaining careers in technology and science fields. The bond sale is a major step forward in meeting that mission.”

The health science and advanced manufacturing educational facility is expected to accommodate an additional 1,000 students and provide 170,000 square feet of finished educational space and 40,000 square feet of unfinished shell space.

The 11-story building, at Third and Chestnut streets in downtown Harrisburg, is set to open in 2023.

Along with student service offices and spaces, the new facility will include advanced manufacturing educational and experiential learning spaces, health sciences educational and experiential spaces and more, HU wrote in a press release.

Baltimore-based Whiting-Turner Contracting Co. is the construction manager on the project and Stantec in Butler County is the architect and engineer.

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