MassDevelopment has issued $89.2 million in tax-exempt bonds on behalf of the president and trustees of Williams College, which will be used in part to build a library and media center.

The college also plans to use the funds to improve its football and track and field facilities; renovate Chapin Hall, a historic performance space; and complete other repair and renewal projects across the campus.

"Williams College has a proud tradition of academic and athletic achievement in the Berkshires," said MassDevelopment Executive Vice President of Finance Programs Laura Canter. "Supported by low-cost financing, the college will improve its facilities and continue to provide its students with cutting-edge education. MassDevelopment is pleased to support both the commonwealth’s higher education institutions and its vibrant western region through this investment."

"We are delighted to be able to move these important projects forward and greatly appreciate the important role MassDevelopment played in the successful issuance of the bonds," said Williams College Provost and Treasurer Bill Lenhart.