Treasurer Grossman and the MSBA Announce Approval for a New Greenfield High School
State Treasurer Steven Grossman, Chair of the Massachusetts School Building Authority (“MSBA”), and John K. McCarthy, MSBA Executive Director, today announced that the MSBA Board of Directors voted to approve funding for the Town of Greenfield for the construction of a new Greenfield High School. One of the next steps is for the Town and the MSBA to enter into a Project Funding Agreement (“PFA”). The PFA will detail the project’s scope and budget and set forth the terms and conditions under which the Town will receive its grant from the MSBA.
The new Greenfield High School will be designed based on the Town and the MSBA mutually agreed upon enrollment of 555 grade 8-12 students with an additional “Poet Seat” enrollment of 30 students for a total design enrollment of 585 students. The Total Project Budget for Greenfield High is $66,325,237, with an MSBA Estimated Maximum Total Facilities Grant of $42,194,484.
“To encourage graduating classes to stay, live and work in the region, it takes more than economic opportunity alone,” Treasurer Grossman said. “We also have to have a workforce trained in a modern, high-quality facility that will give them the appropriate skills for the 21st century economy. The construction of Greenfield High School moves us toward that goal.”
“The new Greenfield High School will provide students with a cost effective, beautiful new space which will undoubtedly enhance and improve their ability to excel in the classroom,” said Executive Director McCarthy.
The MSBA works with local communities to identify school facility needs, develop fiscally responsible and educationally appropriate solutions, and create safe, sound, and sustainable learning environments. Since its 2004 creation, the MSBA has made more than $8.6 billion in timely payments 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.
