BOSTON, MA – Katherine Craven, Executive Director of the Massachusetts School Building Authority (“MSBA”) was in Uxbridge 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 new Uxbridge High School.
The new high school will be a 123,000 square foot, three-story building, with a two-story academic wing that will serve 600 students. The total project budget is $43 million with the MSBA contributing 57.53% of eligible costs or up to $22.3 million. The project is expected to be completed in 2012.
“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 Uxbridge, the students and staff of Uxbridge High School will benefit from an improved environment for learning and teaching while saving state and local taxpayers money.”
"The Uxbridge High School project is a great example of the kind of strategic and fiscally responsible investments that the MSBA is making all across Massachusetts," said State Treasurer Steven Grossman. "We’re targeting resources in a thoughtful manner and prioritizing school projects in a needs-based way. The end result is projects like this one: a top-notch modern learning facility of which the community will be proud.”
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.
