Bond proceeds will support facility upgrades, equipment purchases at WNY cancer center
Albany, NY – The Dormitory Authority of the State of New York (DASNY) closed on a $175.14 million bond financing for Roswell Park Comprehensive Cancer Center to support facility improvements and equipment purchases that will enhance cancer care services and refinance debt.
The financing consists of approximately $123.4 million in tax-exempt bonds and $51.8 million in federally taxable bonds.
DASNY President and CEO Robert J. Rodriguez said, "This financing directly advances Roswell Park’s mission to provide cutting-edge cancer care to patients throughout New York State. DASNY's role in facilitating access to capital markets allows leading healthcare institutions like Roswell Park to invest in the facilities and technology needed to deliver world-class medical services while maintaining fiscal responsibility.
Roswell Park Comprehensive Cancer Center, founded in 1898, is one of the oldest comprehensive cancer centers in the United States and the only National Cancer Institute-designated comprehensive cancer center in Upstate New York. Its team of more than 4,000 provides patient care, conducts research, and offers education and outreach programs, serving patients across New York State and beyond.
About DASNY
Founded in 1944, DASNY is New York State's capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.