State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced today that the MSBA Board voted to invite Plymouth South High School into the MSBA’s Eligibility Period.
“This is a great day for Plymouth, students of the high school, and the MSBA,” said Treasurer Grossman. “I am pleased that the MSBA Board approved Plymouth South into the Eligibility Period and we can now partner with the District on possible solutions to the deficiencies that have been identified at the High School.”
During the 270-day Eligibility Period, the MSBA determines the District’s financial and community readiness to enter the capital pipeline. The next step is for the District to complete preliminary requirements pertaining to local approval and formation of a local building team. Upon successful completion of the Eligibility Period requirements, the District may receive an invitation from the MSBA Board of Directors to the Feasibility Study phase.
“The Eligibility Period is a critical step in evaluating potential work on Plymouth South High School,” stated Executive Director McCarthy. “We look forward to partnering with the District to move this project forward.”
“There has been a lot of hard work put into the preparations for Plymouth South and I’m happy that the Town has reached this important step in the MSBA process,” Senate President Therese Murray said. “The construction of the new Plymouth North was a great success and these improvements to our high schools will help ensure that our students receive a high quality education with the best facilities and resources.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally-appropriate, flexible, sustainable, and cost-effective public school facilities. Since its inception, the Authority has made $8.9 billion in reimbursements 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.
