MSBA Announces $28.7 Million Grant Approval for New Concord-Carlisle High School

September 28, 2011

The Massachusetts School Building Authority Announces $28.7 Million Grant Approval for a New Concord-Carlisle High School

MSBA Board votes to contribute up to $28,781,100 towards the new school

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Katherine Craven, MSBA Executive Director, today announced that the MSBA Board of Directors voted to approve funding for a new Concord-Carlisle High School. One of the next steps is for the Concord-Carlisle Regional School District and the MSBA to enter into a Project Funding Agreement which will detail the project’s scope and budget and set forth the terms and conditions under which the District will receive its grant from the MSBA.

The new Concord-Carlisle High School will be built upon a design enrollment of 1,225 students in grades 9 through 12. The MSBA will be contributing up to 34.58% of eligible costs for a total grant of up to $28,781,100 towards the new school. An increase of up to one incentive reimbursement point may be granted if the District utilizes the Construction Manager-at-Risk delivery method.

"This $28.7 million grant represents an investment in the future of the kids of Concord and Carlisle," said Treasurer Grossman. "The funding partnership we have forged with the school district was based on collaboration and a shared desire to identify the most efficient, sustainable, and cost effective-high school possible for present and future generations of students in the region,” said State Treasurer Steven Grossman.

“The new Concord-Carlisle High School will address facility deficiencies as well as eliminate overcrowding,” stated Katherine Craven, MSBA Executive Director. “Students will soon have a beautiful new space which will improve their ability to excel in the classroom.”

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 $8 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.