MSBA Helps Break Ground on New Greenfield High School

April 29, 2013
State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, today joined state and local officials at a groundbreaking ceremony for the new Greenfield High School. The MSBA is contributing a maximum total facilities grant of approximately $42 million of eligible expenses toward the $66.3 million project.

“I am delighted to help break ground on this important and long-awaited project,” Treasurer Grossman said. “Thanks to the MSBA’s successful and collaborative partnership with Greenfield, students and staff at this high school will benefit from a state-of-the-art learning and teaching environment for many years to come.”

“Besides creating much-needed jobs, construction of the Greenfield High School will provide local students with a beautiful new learning space,” Executive Director McCarthy said. “This will undoubtedly enhance and improve their ability to excel in the classroom.”

The new Greenfield High School will be built based on a design enrollment of 585 students in grades 8 through 12. The MSBA will contribute 80% of eligible costs toward the construction of the facility, for a total grant of up to $44,525,802. The current school was built in 1957 and suffers from deficiencies in major building systems, including windows, mechanical, and electrical.

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 2004 inception, the Authority has made over $9.7 billion in reimbursements for school capital improvement projects. MSBA reimbursements have saved districts over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.