State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced today that the MSBA has voted to move the Greater New Bedford Regional Vocational Technical High School, which serves New Bedford, Dartmouth, and Fairhaven, into the Schematic Design Phase. Now the District will work in collaboration with the MSBA to produce detailed renderings of the potential new school. Upon completion and approval of the schematic design by the MSBA Board, the District and the Authority will collaborate to determine the scope and budget of the proposed project.
“This is a very exciting stage in the MSBA process. The schematic design that will be produced will give us our first look at the proposed improvements to the school. It will help us narrow the scope and budget of the potential project so that we can be sure the final product is efficient, sustainable, and affordable,” said State Treasurer Steven Grossman.
“Production and approval of a schematic design will provide us with a better idea of the final budget for the potential project in the Greater New Bedford District,” stated Executive Director 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 inception, the Authority has made $8.7 billion in reimbursements 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.