MSBA Announces that Greater Lowell will Launch a More Extensive Feasibility Study at the Regional Voc Tech High School

March 30, 2011

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 invite Greater Lowell Regional Vocational Technical High School to do a more extensive Feasibility Study than previously planned. The MSBA previously had authorized the District to study a potential roof repair. Now, the District and the MSBA will work in collaboration to study the potential of a larger repair, including the assessment of roof, HVAC, electrical, plumbing, and building envelope issues, interior renovation to address health and safety issues, and site work.

“We are committed to working with the district to find the most economical solution to the problems at Greater Lowell Regional Vocational Technical High School so that the students of this region can grow and learn in an educationally appropriate and safe facility,” said State Treasurer Steven Grossman.

“The MSBA remains committed to working with Greater Lowell Regional School District to better understand the deficiencies at the high school,” 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.”

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 $7.5 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.