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Skidmore project gets $35 million in financing

Skidmore project gets $35 million in financing

Facility expected to be complete by September 2020
Skidmore project gets $35 million in financing
Artist's rendering.
Photographer: Via Skidmore.edu

SARATOGA SPRINGS — Skidmore's major expansion of its science building scored $35 million in financing through a Saratoga County agency that helps finance big projects in the county, according to a news release Wednesday.

The Saratoga County Capital Resource Corporation will finance $35 million of the project's $67.5 million total cost, which will support the first phase of constructing the school's new Center for Integrated Sciences — a project that could ultimately top $100 million.

The $35 million will be financed over 30 years.

Construction is expected to start in May and will focus on the north wing, according to the college’s financing application. Around 60,000 square feet of new classroom, lab and office space will be added there, and the college expects the facility to be compete by September 2020. The project is expected to generate 125 construction jobs.

The college’s planned Center for Integrated Sciences — an expansion and renovation of the Dana Science Center — will ultimately include north- and east-wing additions and a full renovation of the Dana center, according to Skidmore's website. The new science center will bring science departments, which are now spread across the campus, into a single location and dramatically update learning and research facilities.

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