Big changes are planned at Wofford College, where several additions to the campus will be built using funds from $50 million worth of Series 2015 Economic Development Revenue Bonds that were issued through the South Carolina Jobs-Economic Development Authority (JEDA).
The planned additions will include the 65,000-square-foot Rosalind Sallenger Richardson Center for the Arts, which will also include a 300-seat performance hall, museum and student gallery, and the 123,000-square-foot Jerry Richardson Indoor Stadium, which will feature a 3,400-seat basketball arena and volleyball court.
“These two projects represent another major move forward for Wofford College," Wofford's CFO Barbie Jefferson said. "Tax-exempt financing from JEDA has combined with the generosity of Wofford alumnus and board member Jerry Richardson to make this possible.”
The additions will create several new jobs. Ground has been broken for the projects and the anticipated completion date for them is 2017.
“Wofford has been able to accomplish so much with JEDA financing over the years and it’s really exciting to be able to help a great South Carolina institution pave the way to even better service to its students and the greater community,” Kathy McKinney, bond counsel at Haynsworth Sinkler Boyd, P.A., in Greenville, said.
Certified Public Accountant and JEDA executive director Harry Huntley agreed.
“JEDA is honored to once more help one of our pivotal institutions of higher learning make the investments it needs to continue its traditions of education and service," he said. "That’s a core part of our mission and our purpose."