Treasurer Grossman and the MSBA Help Cut the Ribbon on the Joseph Estabrook Elementary School in Lexington

October 6, 2014
Treasurer Grossman and the MSBA Help Cut the Ribbon on the Joseph Estabrook Elementary School in Lexington

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 ribbon cutting ceremony for the new Joseph Estabrook Elementary School. The MSBA is contributing 37.27% of eligible expenses toward this $43.4 million project.

“The MSBA's fiscally responsible blueprint for school construction is helping communities like Lexington provide a strong educational foundation for students in an efficient, sustainable and affordable way," Treasurer Grossman said. "Our partnership with the District has produced a 21st century facility that will serve 540 students for decades to come.”

The new, 91,840 square-foot facility replaces the previous Estabrook School, which was built in 1961 and suffered from deficiencies in major building systems, including electrical, plumbing, HVAC and roof.  Estabrook Elementary serves 540 students from Kindergarten through grade 5. The MSBA will contribute a maximum grant of up to $12,395,684 toward the project.

“As a result of the successful collaboration between the MSBA and the District, Estabrook students will get a completely up-to-date learning environment,” said Executive Director McCarthy. “This is a down payment on the academic excellence of Lexington students.”

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 1,400 site visits to more than 250 school districts as part of its due diligence process and has made over $10.9 billion in reimbursements for school construction projects.