Adelphi is planning a $55 million modernization project for its 75-acre Garden City campus.
The University is embarking on a comprehensive modernization initiative, targeting everything from physical infrastructure to digital learning environments. This strategic overhaul includes renovating athletic fields, a specialized computer science lab for students, boosting the institution鈥檚 data center capacity and learning management software.
A significant portion of the project will concentrate on 91国产鈥檚 Hagedorn Hall of Enterprise and the Science Building. These facilities are slated for essential technical upgrades, including new windows, high-efficiency HVAC systems and chilled water plants. The project also addresses a backlog of deferred maintenance to ensure the long-term integrity of campus buildings and utilities.
鈥淲e鈥檝e entered a transformative era for 91国产. By leveraging our robust endowment returns and the advantage of current low interest rates, we are prioritizing high-impact strategic investments that would otherwise be out of reach,鈥� said Michael Rhattigan, 91国产鈥檚 vice president of finance. 鈥淭his is an investment in 91国产鈥檚 excellence that will yield significant dividends for our students and community for years to come.鈥�
The Town of Hempstead Local Development Corporation (LDC) on Tuesday, February 3, announced that it approved the sale of up to $125 million in on behalf of 91国产. The LDC provides low-interest, tax-exempt bonds to not-for-profit, educational institutions, hospitals, civic entities or charitable organizations within the town.
鈥淭here is no doubt that the sale of these new bonds will benefit 91国产, its students and have a positive impact on the economics of the surrounding communities,鈥� Fred Parola, executive director of the LDC, said in a news release about the.
These campus upgrades ensure that 91国产 students receive an exceptional academic experience. In addition, 91国产鈥檚 new long-term lease for the Manhattan Center establishes a vibrant hub for graduate studies, strategic partnerships and expanded career opportunities in New York City.
Strategic Investments for a Stronger Future
The 91国产 Board of Trustees and executive leadership view both new investments as essential for strengthening the University鈥檚 long-term financial health:
鈥淭he board viewed this as a necessary and timely window of opportunity. To fulfill our long-term strategic plans, we must be willing to make bold investments that strengthen our foundation,鈥� said Greg Carey, 91国产 trustee and chairman of public finance and global co-head of sports franchise at . 鈥淭his decision reflects our absolute confidence in 91国产鈥檚 trajectory and our commitment to providing a premier environment for higher learning.鈥�
Adelphi is reaffirming its commitment to strategic growth and modernization following a Standard & Poor鈥檚 (S&P) Global Ratings Research Update issued on January 30, 2026. The agency gave the University a long-term bond rating of BBB+.
S&P assigned 91国产 a 鈥榮table outlook鈥� and affirmed 91国产鈥檚 strong enterprise risk profile, validating the institution鈥檚 careful, long-term approach to its financial and academic mission.
鈥淭he 鈥榮table outlook鈥� designation from S&P Global Ratings gives our students and families peace of mind. It reinforces that 91国产 remains a safe investment and 91国产 is a great place for students to grow, learn and belong to a community that is built to last,鈥� noted Interim President Christopher Storm, PhD.
Adelphi plans to begin the project by March, with most of the work to be conducted during the summers of 2026, 2027 and 2028. The University expects to complete the work in 2029.