About

Learn about UMass Bonds, including Featured News, Key Projects, and The Team.

Created in
1960
Bond Ratings
AA/Aa2/AA-
Bonds Outstanding
$2.8 billion

About UMass Bonds

The UMass Building Authority (UMBA) is a distinct, public organization established by the Massachusetts Legislature in 1960. Its mission is to build facilities on the University of Massachusetts campuses that could be financed from student fees and charges. Facilities include student dormitories, dining facilities and parking garages. For a listing of the Authority’s projects, please click here.

In recent years the Authority has expanded its role and now builds academic buildings, laboratories, athletic facilities, heating plants, and other facilities, as well as providing funding for the repair and renovation of existing campus facilities.

In order to construct facilities, the Authority borrows funds by issuing tax-exempt bonds. The University has pledged to pay the principal and interest on the bonds issued by the Authority over the life of the bonds. The Authority is also responsible for the construction of these facilities and hires architects, engineers and construction firms to design and build them. After the facilities are completed, they are used and maintained by the University while the Authority maintains ownership of the buildings.

By statute, the Authority has eleven members, appointed by the Governor, who oversee the activities of the Authority. Five of these members are also Trustees of the University of Massachusetts. Two of the six non-trustee Members must be graduates of the University.


Mission

The mission of the University of Massachusetts Building Authority (UMBA) is to serve the University of Massachusetts and each of its five campuses through the planning, financing, design, construction, acquisition, capital maintenance, and replacement of University buildings, infrastructure, and real estate. The Building Authority has a broad mandate to provide facilities for the use by the University and by other entities affiliated or approved by the Trustees of the University.  UMBA will serve the University and its campuses by performing with the highest levels of integrity and professional quality; by promoting accountability and efficiency throughout the capital program; and by tailoring its services to the needs and capabilities of each campus.

Key Projects

UMass Amherst Life Science Center

The new campus Life Science Laboratory (LSL) OIT Data Center Project will be comprised of approximately 6,500 square feet of raised floor area located on the second floor of LSL2 and will provide the expected levels of redundancy and operational requirements to serve the Day-One needs and designed for ease of future expansion and modification.

The estimated total project cost is $8.1million, with an estimated completion date of March 2016.

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UMass Boston General Academic Building

The University Hall – General Academic Building No. 1 is about a new 194,355 gsf academic building with general and specialized classrooms, seminar rooms, student lounges, food service, auditorium, faculty and administrative offices.

The $133.5 million project was funded by the 2015 bonds, and is expected to be completed in August 2016.

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UMass Lowell McGauvran Hall

The McGauvran Hall Dining Repurpose and Renovations Project is about repurposing of existing building to the main South Campus Dining Facility and demolition of the existing South Dining.

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UMass Dartmouth SMAST Project

The SMAST Facility – Marine Sciences (New Bedford) Project is a state of the art marine research facility to relieve overcrowding of current facility. The $55 million project includes space for Division of Marine Fisheries, and is expected to be completed in 2017.

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The Team

Patricia Filippone

Executive Director

(617) 287-3200

pfilippone@umassp.edu

Read bio
Mike Wilson

Treasurer & Budget Director

(617) 287-3200

mwilson@umassp.edu

Read bio
View Team