Winthrop High School will Launch a More Extensive Feasibility Study

July 27, 2011

The Massachusetts School Building Authority Announces that Winthrop High School will Launch a More Extensive Feasibility Study
Winthrop had previously been in the Repair Assessment Category

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 of Directors voted to invite the Town of Winthrop to conduct a more extensive Feasibility Study at Winthrop High School than previously planned. The school is being moved from the MSBA’s repair assessment category. Winthrop and the MSBA will continue to work in collaboration to study potential solutions to the problems identified in the district’s Statement of Interest.

“We are committed to working with Winthrop to find the most economical solution to the problems at the high school so that students can grow and learn in an educationally appropriate and safe facility,” said State Treasurer Steven Grossman.

“The MSBA is committed to working with Winthrop to better understand the issues at the high school and to determine what the best plan of action is moving forward,” stated Katherine Craven, MSBA Executive Director.

The MSBA strives to find the right-sized, most fiscally-responsible, and educationally-appropriate solutions to create safe and sound learning environments. In its six year history, the MSBA has made more than $7.9 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 in these difficult economic times.