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Rosalind Franklin University Innovation Research Park

Rosalind Franklin University Innovation Research Park

Type

Education

Location

North Chicago, IL

Est. Project Cost

$50.5 million

Size

100,000 SF

Public Financing

New Markets Tax Credit

Sponsor

Rosalind Franklin University and TUFF

Private Financing

Bonds, Equity

Catalytic P3 Development

This $50 million project involved the development of a 100,000 square foot research facility as part of Rosalind Franklin University’s Innovation Research Park. The center promotes biotech and life science advancements by co-locating university researchers, startups, and commercial partners. Monge Capital structured bond and NMTC financing to support this important step in regional innovation and economic development.

Estimated Economic and Social Impact

200 jobs and 200 construction jobs.

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