BOSTON - State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (“MSBA”), and MSBA Executive Director/Deputy CEO John K. McCarthy announced today that the MSBA Board of Directors voted to approve a grant of up to $26,270,187 for a new David Mindess Elementary School on the existing site. 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.
“Upon completion, this project will provide a new 21st century learning environment for students in Ashland,” Treasurer Goldberg said. “Our goal is to create the best space to deliver the District’s educational commitments and goals.”
The proposed project would create a new 104,885 square foot facility with an agreed upon enrollment of 635 students in grades 3-5. The District had reported in their Statement of Interest, that the current structure suffers from mechanical, electrical, and plumbing system deficiencies. In addition to physical plant issues, the District reported that the existing facility does not support the delivery of its educational program as well as existing and projected overcrowding.
“Ashland students will soon have a beautiful new space which will undoubtedly enhance and improve their ability to excel in the classroom,” stated Executive Director/Deputy CEO McCarthy.
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 1,750 site visits to more than 250 school districts as part of its due diligence process and has made over $14.7 billion in reimbursements for school construction projects.