Potential Project Costs Totaling $4.1 Million
State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced that the MSBA Board of Directors invited three Worcester schools into the Authority’s Accelerated Repair Program. Invitations were offered for potential projects at Columbus Park Preparatory Academy, Tatnuck Magnet School, and Worcester Arts Magnet School, with potential project costs totaling over $4.1 million.
“The Accelerated Repair program allows us to partner with school districts, like Worcester, on much-needed repairs that can greatly extend a school’s lifespan,” said Treasurer Grossman. “Besides making the learning environment more comfortable for our schoolchildren, these repairs also make our schools more energy efficient and generate substantial cost savings. It’s a win-win for everyone involved.”
The main goals of the Accelerated Repair Program are to improve learning environments for children and teachers, reduce energy use and generate cost savings for districts. The program will repair or replace roofs, windows and boilers in schools that are otherwise structurally, functionally and educationally sound.
“The MSBA continues to stand alongside the people of Springfield in the ongoing work of upgrading their public schools,” Executive Director McCarthy said. “This targeted use of funds greatly increases the overall effectiveness of the Authority.”
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 creation, the MSBA has made more than $10.1 billion in timely payments 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.
