Jack McCarthy, Executive Director of the Massachusetts School Building Authority (“MSBA”), today joined with local legislative and school district leaders to cut the ribbon on the new Glover Elementary School. The MSBA is contributing 40% of eligible expenses towards the $25.9 million project.
“The MSBA is thrilled to have taken part in this project,” Executive Director McCarthy said. “This partnership between the District and the MSBA has provided an up-to-date, 21st century facility for the children of Marblehead.”
The new, 75,325 square-foot school replaces the previous Glover Elementary School, which suffered from deficiencies in building systems including windows, HVAC, plumbing, electrical and roof. The school is named after Marblehead resident Brigadier General John Glover, who served in the Continental Army during the Revolutionary War. Glover Elementary School serves 425 students in Kindergarten through grade 3.
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 $10.6 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.