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UC to sell "Green Bonds" to finance green building

The University of Cincinnati says it's the first public university in the United States to bring a Green Bond to market. The first-ever higher education green bond was offered by MIT in September.

The estimated $29 million in Green Bonds will fund a portion of the renovation of Scioto Hall, to be redesigned as a green building. Its "twin" structure, Morgens Hall, has already been renovated with sustainable features and design.

Scioto is expected to open as a LEED building in August 2016. Features of the dorm:

  • 2,000 glass panels. The glass has low-emissive properties and will have a white linear pattern adding another degree of insulation
  • Energy Efficient mechanical system
  • LED lighting
  • Energy-recovery system
  • Wood from sustainably managed forests
  • Use of materials from the local region

UC's General Receipts Bonds, Series 2014C will market on or about December 2.
Green Bonds were first issued by the World Bank in 2008 to pay for environmentally friendly projects and help stimulate and coordinate public and private sector activity to combat climate change.

With more than 30 years of journalism experience in the Greater Cincinnati market, Ann Thompson brings a wealth of knowledge and expertise to her reporting. She has reported for WKRC, WCKY, WHIO-TV, Metro Networks and CBS/ABC Radio. Her work has been recognized by the Associated Press and the Society of Professional Journalists. In 2019 and 2011 A-P named her “Best Reporter” for large market radio in Ohio. She has won awards from the Association of Women in Communications and the Alliance for Women in Media. Ann reports regularly on science and technology in Focus on Technology.