Selby Gardens Executes $31 Million Bond Sale for Learn System

An aerial-view rendering of Selby Gardens’ downtown Sarasota campus upon completion of the Master Plan.

Marie Selby Botanical Gardens has declared the prosperous execution of a $31,165,000 bond sale to help finance the Grasp System for its downtown Sarasota campus. The proceeds from the bond sale enable Selby Gardens to maintain an intense development timetable to satisfy Period One’s August 2023 completion aim.

When finished, Selby Gardens’ 15-acre downtown Sarasota campus will have a new entrance area and parking garage, as effectively as household its earth-renowned plant investigation collections and library in new hurricane-rated services. These will all be run by a new stormwater-purification and solar-energy plant that will make the campus the to start with net-optimistic-electricity botanical backyard garden complicated in the planet.

R.W. Baird served as the underwriter for the Selby Gardens bond sale, which was executed in December 2021, whilst Funds Believe in Agency issued the tax-exempt bonds and Kestrel Verifiers gave the bonds the ESG rating, a reflection on the Grasp Plan’s higher degree of green innovation. Of the $51.6 million believed to entire Phase A single of the Master Plan, more than $45 million has already been secured.

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