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Winston-Salem approves financing deal for WFU’s office building project

88.5 WFDD - Public Radio For The Piedmont | By April Laissle
Published September 16, 2025 at 2:42 PM EDT
A rendering of The Grounds development in Winston-Salem.
Image courtesy NELSON Worldwide
Wake Forest University is planning the construction of a new office building at The Grounds, a massive mixed-use development.

The Winston-Salem City Council unanimously approved a financing deal for a Wake Forest University project at Monday’s meeting.

The school is planning the construction of a new office building at The Grounds, a massive mixed-use development along Deacon Boulevard.

The city’s sign-off means the $80-million project will be financed through tax-exempt bonds. The council’s approval was required by the IRS, but Winston-Salem will not be responsible for paying any of the debt.

The move will help Wake Forest secure lower borrowing costs, without a direct financial commitment from the city.

The Grounds development is projected to cost about half a billion dollars in all.
April Laissle
April Laissle is a senior reporter and editor at WFDD. Her work has been featured on several national news programs and recognized by the Public Media Journalists Association and the Radio Television Digital News Association. Before joining WFDD in 2019, she worked at public radio stations in Ohio and California.
See stories by April Laissle