May 23, 2014
New 'ZEN' building will be its own energy generator
By: Michael DeMasi
Source: Albany Business Review
The newest building set to rise on the growing Albany nanotechnology
campus represents another step in the growing influence of "green"
research and development, but it won’t happen without help from a city
Fuller Road Management, the real estate arm of the College
of Nanoscale Science and Engineering, is seeking $186 million in bonds
through the Capital Resource Corp. to construct the Zero Energy
Nanotechnology (ZEN) building.
The CRC is a financing vehicle. The bonding, if approved, would not be an obligation of the CRC or city taxpayers.
Road Management would have to pay the CRC a fee of about $1.4 million,
and would save $2.3 million in mortgage recording tax.
meanwhile, is designed to generate as much energy as it uses over the
course of a year using renewable resources. It will be a living
laboratory for groundbreaking research into renewable energy resources,
and is expected to draw more than 1,500 “clean tech” jobs to the state. Read More