State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”) and Jack McCarthy, MSBA Executive Director, today joined state and local officials at a groundbreaking ceremony for the new Wilmington High School. The MSBA is contributing a maximum total facilities grant of more than $35 million of eligible expenses towards the project.
“I am delighted to help break ground on this important and long-awaited project,” Treasurer Grossman said. “Thanks to the MSBA’s successful and collaborative partnership with Wilmington, students and staff at this high school will benefit from a state-of-the-art learning and teaching environment for many years to come.”
“Besides creating much-needed jobs, construction of the Wilmington High School will provide local students with a beautiful new learning space,” Executive Director McCarthy said. “This will undoubtedly enhance and improve their ability to excel in the classroom.”
The new Wilmington High School will be built to serve a design enrollment of 960 students in grades 9 through 12. The MSBA will contribute 55.19% of eligible costs toward the construction of the facility, for a total grant of up to $37,993,245. The current school was built in 1950 and suffers from deficiencies in building envelope and in major systems, including plumbing, HVAC, and electrical.
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 $9.7 billion in reimbursements for school capital improvement projects. MSBA reimbursements have saved districts over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.
