State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and MSBA Executive Director Jack McCarthy today announced that the MSBA Board of Directors voted to approve a grant of up to $25 million for additions and renovations at Monument Mountain Regional High School. One of the next steps is for the District and the MSBA to enter into a Project Funding Agreement, which will detail the project’s scope and budget, along with the conditions under which the District will receive its MSBA grant. The MSBA will contribute 48.52% of eligible costs toward this project, for a total grant of up to $25,150,823.
“This is a down payment on the academic excellence of students in the Berkshire Hills Regional School District,” said Treasurer Grossman. “Upon completion, these renovations will provide a modern learning environment and create the space needed to deliver on the school district’s educational commitments and goals.”
The 137,380 square-foot project will consist of repairs to major building systems including mechanical, fire protection and windows in the school, which was built in 1968. A one-story addition primarily for science labs and the agricultural program will also be constructed. Monument Mountain Regional High School serves 570 students in grades 9 through 12.
“It’s really great when we can extend the useful life of these buildings,” stated Executive Director McCarthy. “Students at Monument Mountain Regional High School will soon have a beautiful new space which will undoubtedly enhance and improve their ability to excel in the classroom.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally-appropriate, sustainable and cost-effective public school facilities. Since its creation, the MSBA has made more than $9.9 billion in timely payments to cities, towns and regional school districts for school construction projects. These reimbursements have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.