October 21, 2022
WHEFA Bond Financing Helps Eau Claire Community Complex, Inc.
Bonds Placed with BMO Harris Bank N.A.
“Access to tax-exempt financing is key to the viability of this project. The lower-cost construction financing helped us in securing the philanthropy for the project as well. Knowing that we will be making the greatest use of all the financial resources available to us, ensures that this project will be a cost-effective way to add a major physical asset to the university and community. We have learned that using all available resources and collaborating with partners means we end up with the best possible project.”
– Kimera Way, President
Eau Claire Community Complex, Inc.
Bond financing facilitated by WHEFA will be used to help build the Sonnentag Event Center and John and Carolyn Sonnentag Fieldhouse in Eau Claire, which will benefit the University of Wisconsin-Eau Claire (UWEC) and surrounding community. This transformative facility will include a 5,000-capacity event center, two-story center for health and wellbeing, offices for UWEC’s Blugold Athletics, four sport courts, 100-yard turfed indoor sport field and the Mayo Clinic Health System Diagnostic Imaging and Sports Medicine Center. This tax-exempt financing enabled the Eau Claire Community Complex (the facility owner) 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.