MSBA Announces $37M Approval for Ayer Shirley Regional High School

October 3, 2012

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced today that the MSBA Board of Directors voted to approve funding for additions and renovations at Ayer Shirley Regional High School. The District is authorized to receive a maximum Total Facilities Grant of up to $37,174,694.

“The plans for this project are the direct result of a collaborative partnership forged by Ayer Shirley District officials and the MSBA,” said Treasurer Grossman. “We look forward to delivering an efficient, sustainable and cost-effective facility that will maximize local and state taxpayer resources while providing a top-notch environment in which students can learn effectively.”

The proposed project includes renovations to major building systems including electrical, plumbing, and windows. The next step is for the District and the MSBA to enter into a Project Funding Agreement (“PFA”), which will detail the project’s scope and budget and set forth the terms and conditions under which the District will receive its grant from the MSBA.

“The renovations at Ayer Shirley Regional High School will mean a better learning and teaching environment for area students and teachers,” said Executive Director McCarthy. “We are delighted to be partnering in this 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 Authority has made $9 billion in reimbursements for school construction projects. These timely payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.