Adelphi University 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's data center capacity and learning management software.

A significant portion of the project will concentrate on Adelphi's 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.

"We've entered a transformative era for Adelphi. 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," said Michael Rhattigan, Adelphi's vice president of finance. "This is an investment in Adelphi's excellence that will yield significant dividends for our students and community for years to come."

The Town of Hempstead Local Development Corporation (LDC) on Tuesday, February 3, announced that it approved the sale of up to $125 million in tax-exempt bondson behalf of Adelphi. The LDC provides low-interest, tax-exempt bonds to not-for-profit, educational institutions, hospitals, civic entities or charitable organizations within the town.

"There is no doubt that the sale of these new bonds will benefit Adelphi University, its students and have a positive impact on the economics of the surrounding communities," Fred Parola, executive director of the LDC, said in a news release about thecapital improvements.

These campus upgrades ensure that Adelphi students receive an exceptional academic experience. In addition, Adelphi's new long-term lease for the Manhattan Center establishes a vibrant hub for graduate studies, strategic partnershipsand expanded career opportunitiesin New York City.

Strategic Investments for a Stronger Future

The Adelphi University Board of Trustees and executive leadership view both new investments as essential for strengthening the University's long-term financial health:

"The 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," said Greg Carey, Adelphi trustee and chairman of public finance and global co-head of sports franchise at Goldman Sachs. "This decision reflects our absolute confidence in Adelphi's trajectory and our commitment to providing a premier environment for higher learning."

Adelphi is reaffirming its commitment to strategic growth and modernizationfollowing a Standard & Poor's (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 Adelphi a 'stable outlook' and affirmed Adelphi's strong enterprise risk profile, validating the institution's careful, long-term approach to its financial and academic mission.

"The 'stable outlook' designation from S&P Global Ratings gives our students and families peace of mind. It reinforces that Adelphi remains a safe investment and Adelphi is a great place for students to grow, learn and belong to a community that is built to last," 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.