Rockville’s Molloy College gets early approval of $15M in bonds for dorm project

The Town of Hempstead’s Local Development Corporation has issued a preliminary authorization to sell $15 million in tax-exempt bonds to fund building a dormitory at Molloy College in Rockville Centre, Long Island Business News reported. The sale still needs to be approved by the town supervisor and go through a public hearing. Molloy wants to use that money to complete the third phase of its $20.5 million campus master plan. The three-story dorm, which is part of that, would be 27,000 square feet, including 95 beds. [LIBN]