Colleges Receive Tax-Exempt Bonds for Building Project – Hobart and William Smith Colleges \
The HWS Update

Colleges Receive Tax-Exempt Bonds for Building Project

The Colleges’ $20 million construction and renovation project will receive the financial assistance it requested from the Industrial Development Agency in tax-exempt bonds. Paul Bringewatt, director of administrative services, gave a presentation on the project. The project will need approval from various city boards before construction starts. Preliminary plans include building two 40,000-square-foot dorms on the south side of Hamilton Street, each housing about 100 students. The exact location has not been determined, but they will be near property the Colleges’ recently bought for demolition at 93, 101 and 105 Hamilton St. An 80-car parking lot is to be constructed nearby, as is a lot for 250 vehicles on the south side of St. Clair Street. The dorms could be ready for occupancy by January 2005. The project was detailed in the Geneva Finger Lakes Times story “City IDA to help with HWS project” from the Jan. 23 issue.