MSBA Takes Part in Stoneham Middle School Opening Ceremony

December 6, 2014

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 an opening ceremony for Stoneham Middle School. The MSBA will contribute a maximum grant of up to $21,889,091 toward the project.

“The MSBA's fiscally responsible blueprint for school construction is helping communities like Stoneham 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 775 students for decades to come.”

The $40,582,390 project consists of additions and renovations to convert the previous Central Elementary School into a 136,410 square foot middle school. Stoneham Middle School serves students in grades 5-8.

“The MSBA is thrilled to have taken part in this project,” Executive Director McCarthy said. “All across the Commonwealth, we're working with school districts to develop state-of-the-art learning environments for Massachusetts 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 1,485 site visits to more than 250 school districts as part of its due diligence process and has made over $11 billion in reimbursements for school construction projects.