St. Scholastica's partnership with NBC




Healthcare is the fastest growing economy—and employer—in the United States. When it came to The College of St. Scholastica’s occupational and physical therapy programs, it wasn’t a matter of finding students; it was a matter of finding space for all of them. With help from NBC and senior vice president commercial banker Bill Arezzo, the college was able to build a new facility positioning St. Scholastica as a leading healthcare educator.


“We wanted to enable our medical programs to grow,” said Bob Ashenmacher, executive director of communications at St. Scholastica. “With the demand for healthcare continuous well into the future, we started planning a way to expand our educational offerings.”


The result was a $16.6 million, three-story, 45,000 square foot Health Science Center. Located only a mile away from campus, the new building provided the perfect spot for students—and the community—to connect.


Not only does the Center house classrooms and study spaces, it’s also home to the maurices Community Clinic, which offers physical and occupational therapy services to uninsured or under insured members of the community. “It’s a win-win,” explained Bob. “St. Scholastica students get to hone their skills with state-of-the-art equipment under the eyes of their professors, and those who couldn’t afford such services have a place to get proper care.”


That wasn’t the only win-win. The partnership between NBC and St. Scholastica paved the way for a hassle-free construction project. “NBC was so helpful—coordinating secondary lenders, working with all the parties involved and inspecting the progress,” stated Bob. “They were fully involved from start to finish.”


“This has been one of the smoothest construction projects I have ever worked on, and I’ve been involved with a lot of them over the years,” stated Bill. “A true testament to all of the partners involved.”


The new St. Scholastica Health Science Center is already making an impact. Not only are the programs growing substantially, but the building has also received a progress award by Finance & Commerce Magazine. “It’s powerful to see what happens when two local institutions work together and invest locally,” said Bob.


“Stewardship is an important value at St. Scholastica,” Bob stated. “With this project, NBC really proved themselves to be stewards of the community.”

 “NBC was so helpful—
coordinating secondary
lenders, working with all
the parties involved and
inspecting the progress.”