Bonds Secure the Future of Pace’s Pleasantville Campus
Pace University plans an update to the satellite campus.
On the heels of the year-long 50th anniversary celebration at Pace University’s Pleasantville campus, Pace recently inched a step closer to realizing phase one of the master plan for its satellite campus, located on Bedford Road in Pleasantville. The University issued $100.6 million in bonds that will fund the first phase—a $100- million project that is one of the largest construction projects under way in the Hudson Valley.
The first phase of Pace’s Master Plan for Pleasantville includes two new state of the art residence halls with living-learning spaces, enhanced athletic facilities and fields, an upgraded student center and dining hall, and new environmental center facilities.
These transformative changes allow for the sale of the Briarcliff location and will enhance student life on campus. More open green space, including a central campus “green,” and additional pedestrian pathways are also part of the planned enhancements.
The Master Plan represents a significant investment by Pace University in the local and regional economy. As Westchester’s 13th-largest employer, Pace contributes approximately $64 million annually to the county’s economy in direct and indirect spending.
Pace University President Stephen J. Friedman was pleased by the success of the bond issuance. “Investors’ strong interest in these bonds reflects confidence in the future of Pace University. The Pleasantville Master Plan is part of a broader project to further build the academic and student life and attractive power of the Pleasantville campus. It is a major strategic initiative for Pace University,” Friedman said.