MSBA Announces $4.3 Million Approval for Two Schools in Marlborough Under the Green Repair Program

November 16, 2011

MSBA Announces $4.3 Million Approval for Two Schools in Marlborough Under the Green Repair Program

The MSBA grants for Marlborough total $4,397,281

The Board of Directors of the Massachusetts School Building Authority (“MSBA”), Chaired by State Treasurer Steven Grossman, has approved grants of $4,397,281 for two schools in Marlborough under the MSBA’s Green Repair Program. The MSBA Board approved the following grants:
 

  • $3,842,041 for a new roof, windows, doors and boilers at Marlborough High School
  • $555,240 for new windows and doors at Francis J. Kane Elementary School

The main goals of the Green Repair Program are to improve learning environments for children and teachers, reduce energy use and generate cost savings for districts. The program will repair or replace roofs, windows and/or boilers in schools that are otherwise structurally, functionally and educationally sound. The one-time-only program has a limited budget of $300 million and grants will be awarded on a competitive basis.

“Our Green Repair Program allows us to make much needed repairs to more schools in less time,” stated Treasurer Steven Grossman. “Besides improving the learning environment for our children, the green repairs also make our schools more energy efficient, and generate significant cost savings. It's a win-win program for everyone.”

“The MSBA has invited over 185 school repair projects into our Green Repair Program,” stated MSBA Executive Director Katherine Craven. “Thousands of children will be the direct beneficiaries of an improved learning environment.”

The MSBA strives to find the right-sized, most fiscally-responsible, and educationally-appropriate solutions to create safe and sound learning environments. In its six year history, the MSBA has made more than $8 billion in reimbursements to cities, towns, and regional school districts 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 in these difficult economic times.