WHEFA news advisory – ‘Private activity bond’ financing helps Milwaukee Regional Medical Center utility and infrastructure
Wisconsin Health & Educational Facilities Authority
December 21, 2023
Another Successful Private Activity Bond Financing
$35,750,000 WHEFA Bond Financing Helps Milwaukee Regional Medical Center Utility and Infrastructure Obligated Group Improve in Wauwatosa
Bonds placed with Town Bank, N.A.
“Milwaukee Regional Medical Center is proud to provide the infrastructure and utility improvements on this campus to enable the continued growth of critically necessary healthcare services, research, and medical education. This financing will allow MRMC to improve the access to and around the campus, enhance the safety of our roads, and ensure the infrastructure is established for currently planned and future growth.”
– Rachel Stauffer, Vice President of Finance, Milwaukee Regional Medical Center
300 Construction Jobs Created
Bond financing facilitated by WHEFA will be used to help Milwaukee Regional Medical Center Utility and Infrastructure Obligated Group (MRMC) finance costs associated with the extension of Doyne Ave and 95th Street, a new driveway to a campus building, and thermal laterals to a new forensic science building. This tax-exempt financing process has enabled MRMC to operate more effectively by financing its capital expenses at a low interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.
Since inception, WHEFA has provided several hundred Wisconsin nonprofit corporations access to private and public capital markets at lower costs than are available to them in the conventional marketplace. Pursuant to Section 231.10 of the Wisconsin Statutes, bonds issued by WHEFA are not considered indebtedness of the State of Wisconsin, and the State has no obligation to repay any bonds issued by WHEFA under any circumstances. Additionally, WHEFA does not utilize any State moneys to fund its operations.
For more information, please visit our website or contact:
Larry D. Wiemer II | Executive Director | firstname.lastname@example.org
www.whefa.com |18000 West Sarah Lane, Suite 300, Brookfield, WI 53045 | 262.792.0466