The MSBA Announces that Weston is Advancing to Schematic Design Phase

June 13, 2011

The Massachusetts School Building Authority Announces that Weston is Advancing to Schematic Design Phase

Schematic Design Phase Narrows Project Alternatives to a Clearly Defined Design

BOSTON, MA – The Board of Directors of the Massachusetts School Building Authority (“MSBA”) voted to move Field Elementary School into the Schematic Design Phase. State Treasurer Steven Grossman, Chairman of the MSBA and Katherine Craven, MSBA Executive Director, made the announcement today. The Schematic Design phase is the next step towards potential funding. Now the Town of Weston will work in collaboration with the MSBA to produce detailed renderings of the potential project at Field Elementary School.

“This is a very exciting stage in the MSBA process. The schematic designs that will be produced will give us our first look at the new Field Elementary School. They will help us narrow the scope and budget of the project so that we can be sure the final product is efficient, sustainable and affordable,” said State Treasurer Steven Grossman.

“Weston and the MSBA have been working together to better define the scope of this potential project. Weston has been sensitive to our board members concerns and I am confident that this productive collaboration will continue in this next phase of the process,” stated Katherine Craven, Executive Director of the MSBA.

The MSBA strives to find the right-sized, most fiscally responsible, and educationally appropriate solutions to create safe and sound learning environments. It is committed to protecting taxpayers’ dollars by improving the school building grant process and avoiding the costly mistakes of the past in the funding and construction of schools. The MSBA reformed the Commonwealth’s formerly rampant and unsustainable school building program, which was more than $11 billion in debt.

Since its inception in 2004, the MSBA has made $7.6 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.