The Massachusetts School Building Authority Announces That Estabrook Elementary Will Enter Feasibility Study Phase
Lexington invited into the MSBA’s Capital Pipeline
BOSTON, MA – State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”) and Katherine Craven, MSBA Executive Director, announced today that the MSBA Board voted to move Estabrook Elementary School into the MSBA’s Capital Pipeline for potential funding. The project will move into the Feasibility Study phase where Lexington and the MSBA will work in collaboration to study potential solutions to the problems identified in the district’s Statement of Interest.
“I am pleased to welcome Estabrook Elementary into the MSBA’s Capital Pipeline. We are committed to working with Lexington to find the most economical solution to the problems at Estabrook so that the children of Lexington can grow and learn in an educationally appropriate and safe facility,” said State Treasurer Steven Grossman.
“The MSBA remains committed to working with Lexington to better understand the issues at Estabrook Elementary,” stated Katherine Craven, MSBA Executive Director. “We look forward to continuing our due diligence to determine what the best plan of action is moving forward.”
“I’m very pleased that MSBA is partnering with Lexington to address the problems identified at the Estabrook School. I’m confident that together they will develop a successful plan of action,” said Sen. Ken Donnelly.
“I am very pleased and impressed that the MSBA is moving this project into the feasibility category. I look forward to working with school and community leaders and with the MSBA to determine the best solution to the serious deficiencies at Estabrook,” said Representative Jay Kaufman.
The MSBA strives to find the right-sized, most fiscally responsible and educationally appropriate solutions to create safe and sound learning environments. The MSBA is committed to protecting the taxpayer’s dollar by improving the school building grant process and avoiding the mistakes of the past in the funding and construction of schools. The MSBA reformed the Commonwealth’s formerly rampant and unsustainable program, which was more than $11 billion in debt. The MSBA has made $7.4 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.
