Grossman and MSBA Announce up to $8M Science Lab Approval for Medford High School

January 30, 2013

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and MSBA Executive Director Jack McCarthy today announced that the MSBA Board of Directors voted to approve funding through the MSBA’s Science Lab Initiative for improvements to science labs at Medford High School. One of the next steps is for Medford and the MSBA to enter into a Project Funding Agreement, which will detail the project’s scope and budget, as well as the conditions under which the City will receive its MSBA grant. The MSBA will contribute up to $8,021,075 of eligible expenses for this $13.8 million project.

“Ensuring that our students have access to a top-notch, 21st century science curriculum not only better prepares our kids for the demands of an evolving job market, but it also enhances the future competitiveness of the Commonwealth,” said Grossman.  “I’m delighted to see this important project move forward.”

The project at Medford High will entail full renovation of the “core area” labs with eight new labs at the center area of the third floor. The remaining nine labs will be upgraded in place with no reconfiguration of space. Roofing, mechanical systems, windows and fire sprinkler systems will also be improved in the existing science lab areas. Medford High School was built in 1971 and serves students in grades 9 through 12.

“Today’s vote is another step in the MSBA’s ongoing partnership with Medford for the revitalization of public schools in the district,” Executive Director McCarthy said. “The MSBA is prepared to reimburse up to $8,021,075 for the Medford High science lab project.”

The MSBA partners with Massachusetts communities to support the design and construction of educationally-appropriate, flexible, sustainable and cost-effective public school facilities. Since its inception, the MSBA has made $9.5 billion in reimbursements for school construction projects. These payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.