Bond Proceeds Will Support Glenwood Campus Improvements in Binghamton
ALBANY, NY – The Dormitory Authority of the State of New York (DASNY) closed on a $37.3 million Series 2026 bond issuance for the Board of Cooperative Educational Services of the Sole Supervisory District of Broome, Tioga and Delaware Counties (Broome-Tioga BOCES) to finance renovations and upgrades at the organization’s Glenwood Campus in Binghamton.
The Series 2026 bonds will support building improvements, updated equipment and site enhancements designed to modernize the campus and strengthen facilities serving students across the region. The capital project was approved by voters in November 2023.
The bonds received strong investor interest during the order period, with final yields ranging from 2.09% to 4.25% and a true interest cost of 3.72%. The transaction was led by Roosevelt & Cross Incorporated as senior manager and supported by co-bond counsel Hardwick Law Firm, LLC and Holley & Pearson-Farrer, LLP.
DASNY President & CEO Robert J. Rodriguez said, "Through our partnership with Broome-Tioga BOCES, DASNY is delivering cost-effective financing that supports meaningful investments in educational infrastructure. Modern, well-maintained facilities are essential to student success, and this transaction helps ensure the Glenwood Campus continues to serve students and families across the Southern Tier for years to come.”
Broome-Tioga BOCES Superintendent & CEO Dr. Rebecca Stone said, “We are thankful to DASNY for its partnership and support in helping make this project possible. This $37.3 million investment allows us to move forward with critical improvements and additional classroom space at our Glenwood Campus. It also reflects a shared commitment to providing modern, high-quality learning environments for the students and school districts we serve. We appreciate the strong collaboration and confidence in our organization and look forward to the lasting impact these upgrades will have on our programs and our community.”
Broome-Tioga BOCES provides shared educational programs and services to component school districts across Broome, Tioga and Delaware counties, including career and technical education, special education and workforce development programs
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 $65.4 billion as of December 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.