DASNY Press Releases

The Governor’s Office of Storm Recovery (GOSR) today announced the groundbreaking for the installation of five emergency standby generators in communities hard-hit by flooding and storms in recent years. This $1.5 million project is part of the NY Rising Community Reconstruction Program’s efforts to create stronger and resilient infrastructure in the event of a future storm or emergency.
Gerrard P. Bushell, President and CEO of DASNY, announced today New York University issued $829 million in bonds through DASNY, the largest offering for a private client completed by the Authority in its 72 years. A $200 million portion of the low-interest bonds is expected be used to fund construction of NYU School of Medicine’s Langone Science Building. The approximately 350,000 square-foot science building will provide a prominent new gateway to research and education on campus. It will expand on NYU’s existing strength in advanced biomedical research with cutting-edge, shared equipment to accommodate advances in research over time. The bond offerings also provide funding for an applied science center in Brooklyn and a nanoscience laboratory.
Albany, New York (Wednesday, June 15, 2016) – Gerrard P. Bushell, President and CEO of DASNY, announced today $33 million in upgrades to SUNY campuses throughout New York State. The work will be completed in 90 days – ready in time for students returning from summer break. In less time than it takes to finish a full semester, upgrades will have been completed to improve quality of life for thousands of SUNY students statewide. The projects carry with them the added benefit of enhancing economic development by delivering jobs across the state. “These campus upgrades enhance SUNY’s standing as a desired destination for bright young minds,” Bushell said. “DASNY is proud to support its SUNY partners in making them more competitive, delivering jobs across the state and strengthening the role New York’s world-class education system plays in bolstering our economy.”
New York, N.Y. (May 11, 2016) -- DASNY and the New York State Department of Health collaborated to significantly expedite reimbursements from bond proceeds for New York State’s hospitals, nursing homes and other health care institutions, Gerrard P. Bushell, DASNY President and CEO, and Health Commissioner Dr. Howard A. Zucker announced today. Quick access to their funds means these institutions can deliver more for New Yorkers.
Governor Andrew M. Cuomo announced today that Columbia University issued $50 million in Green Bonds through the Dormitory Authority of the State of New York to fund construction of the Jerome L. Greene Science Center on the University's Manhattanville campus. Green Bonds provide investors with the opportunity to directly support projects that Columbia University has identified as environmentally sustainable. The Dormitory Authority sold low-interest, tax-exempt bonds on Columbia's behalf.
Three libraries in Suffolk County saved almost $2.8 million by refunding more than $21 million in bonds through DASNY, Gerrard P. Bushell, DASNY President and CEO announced today. The savings will be reinvested in their communities. By bundling Smithtown Special Library District, Long Island’s largest library system, Rogers Memorial Library Company and Comsewogue Public Library, DASNY enabled all three to achieve economies of scale by sharing the costs of issuance.
(Albany, New York)- The New York State Office of Mental Health (OMH) and the Dormitory Authority of the State of New York (DASNY) announced the opening of the new $350 million Bronx Behavioral Health Campus in the Morris Park section of the Bronx, New York City. The new 436,310-square-foot facility features modern amenities for the 156-bed Bronx Psychiatric Center, the 86-bed New York City Children’s Center- Bronx Campus, and an expanded 188-bed residential village providing transitional and supported housing to adults with behavioral health issues.
New York, NY: Highly-rated university, college, health care and other not-for-profit borrowers can move to market faster and won't need debt service reserve funds as part of a guideline overhaul approved by the DASNY Board at its December meeting. The authority is also offering its top-rated borrowers more control over their investments. DASNY’s high standards remain.
Gerrard P. Bushell was confirmed by the New York State Senate as the new President and Chief Executive Officer of the Dormitory Authority of the State of New York (DASNY). Subsequent to Governor Cuomo’s nomination, Gerrard was appointed Acting President and CEO by DASNY’s Board at its May 13, 2015 Meeting.