BC gets $177m in development financing

MassDevelopment, the state's finance and development authority, announced today a $177 million financing package for Boston College.

The school will use proceeds from a tax-exempt bond to finance several construction projects and purchase 18 acres of land and buildings from the Archdiocese of Boston; the property is the archdiocese's former Brighton headquarters, Mass Development said.

Projects include the construction of three new academic buildings on BC's Chestnut Hill campus, Mass Development said.
(By Chris Reidy, Globe staff)

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