$15 million bond approved for Saint Mary's construction projects

By: Brandon Lewis Email
By: Brandon Lewis Email

Four buildings at Saint Mary's College will get a face lift starting this summer.

The St. Joseph Economic Development Commission approved a $15 million bond Tuesday morning. Saint Mary's will use about half the money to re-finance existing bonds, and the other half will go to fixing buildings.

"We have several buildings in dire need of infrastructure. HVAC, electrical, roofs, we're going to do a world of good on those buildings in terms of saving energy costs,” says Richard Speller, VP of Finance at Saint Mary’s.

Saint Mary's says it will hire local temporary construction workers for the project, which will begin later this summer. It should take another one or two summers to complete.

While the bond did need county approval, it does not involve any local taxpayer money.

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