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 move Hadley Elementary School to the next phase in the MSBA capital pipeline. In the Schematic Design phase, Swampscott and the MSBA will look at options for the replacement of the school with a new facility on the existing site. The next step is for the MSBA to work in collaboration with the District to produce detailed designs for a potential school project.
“Listening to the needs of a community and developing projects accordingly are priorities at the MSBA, and the Hadley Elementary School project is a case study in that sentiment,” said Treasurer Grossman. “Thanks to our collaborative work with local officials, we are working to build a safe and modern educational facility that will provide students with a top-notch learning environment.”
The proposed project would consolidate the existing Hadley, Clarke and Stanley Elementary Schools into a 99,500 square-foot facility, adjacent to the existing Swampscott Middle School. The current school was built in 1911 and suffers from deficiencies in major building systems including electrical, mechanical, windows, and roof. The proposed new school would serve students in grades 1 through 4.
“Production and approval of a schematic design will help us to determine the final budget for the potential project,” Executive Director McCarthy said. “We are delighted to be partnering in this proposed project.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally-appropriate, sustainable, and cost-effective public school facilities. Since its creation, the MSBA has made more than $10.1 billion in timely payments to cities, towns, and regional school districts for school construction projects. These reimbursements have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.
