The MSBA Helps Break Ground for the Addition/Renovation Project at the Carlisle School

May 3, 2011

BOSTON, MA – Katherine Craven, Executive Director of the Massachusetts School Building Authority (“MSBA”) was in Carlisle today. On behalf of State Treasurer Steven Grossman, Chairman of the Board of Directors of the MSBA, she took part in the groundbreaking ceremony at the site of the addition/renovation project at the Carlisle School.

The scope of this project consists of a new two-story addition connecting the Corey and Wilkins/Robbins buildings, while demolishing the oldest building. The addition will be approximately 28,000 square feet and 111,000 square feet of the school will be renovated. The total project budget is $20 million, with the MSBA contributing 40% of eligible project costs. Carlisle is participating in the MSBA’s Pro-Pay system and is being reimbursed for eligible costs as those costs are incurred. So far, the MSBA has paid Carlisle $811,490.

“I am pleased to help break ground for this project,” said Executive Director Katherine Craven. “As a result of the collaboration between the MSBA and Carlisle, the students and staff of the Carlisle School will benefit from a much improved environment for learning and teaching while saving state and local taxpayers money.”

"The main goal of the MSBA is to build economically and educationally appropriate schools," said State Treasurer Steven Grossman. "Building this addition -- and demolishing the oldest parts of the school -- will provide the children of Carlisle with a modern and safe learning environment.”

The MSBA strives to find the right-sized, most fiscally responsible and educationally appropriate solutions to create safe and sound learning environments. The MSBA is committed to protecting the taxpayer’s dollar by improving the school building grant process and avoiding the mistakes of the past in the funding and construction of schools. The MSBA reformed the Commonwealth’s formerly rampant and unsustainable program, which was more than $11 billion in debt. The MSBA has made $7.6 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.