MSBA Announces that Spencer-East Brookfield Regional School District will Launch a More Extensive Feasibility Study at the David Prouty 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 David Prouty High School to do a more extensive Feasibility Study than previously planned. The project is being moved from the MSBA’s repair category. Next, the Spencer-East Brookfield Regional School District and the MSBA will work in collaboration to study potential solutions to the problems identified in the district’s Statement of Interest.

“We are committed to working with the district to find the most economical solutions to the problems at David Prouty High School so that the students of Spencer and East Brookfield can grow and learn in an educationally appropriate and safe facility,” said State Treasurer Steven Grossman.

“This Feasibility study will examine potential solutions beyond a repair,” stated Katherine Craven, MSBA Executive Director. “The MSBA remains committed to working with the district to better understand the issues at David Prouty High School, and 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.