Bond Financing Profile: The Colburn School
The Colburn School
LOCATION: Los Angeles
AMOUNT ISSUED: $65.5 million
DATE ISSUED: 2022
ABOUT: The Colburn School, a California nonprofit, public benefit corporation located in downtown Los Angeles, offers performing arts and music education to students of all ages and abilities and provides them the opportunity to continue their education through professional training and career development.
In fiscal year 2021-2022, IBank issued $65.5 million in bonds to finance the Colburn School’s construction of new educational and performing arts facilities in Los Angeles.
The new 105,000 square foot performing arts center will include a 1,000-seat concert hall, a 200-seat roof-deck garden, a 100-seat convertible dance studio theater, and an outdoor 1,000-seat public performance plaza to serve students and audience members from Los Angeles and international artists who travel to the city to perform. The expansion will enable the Colburn School to better address the needs of young students and artists.