State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (“MSBA”), and MSBA Executive Director Jack McCarthy announced today that the MSBA Board of Directors voted to invite George Keverian School in Everett into the MSBA’s Eligibility Period. During the 270-day Eligibility Period, the MSBA will work with Everett to determine the District’s financial and community readiness to enter the capital pipeline.
“The George Keverian School has been voted by the Board into the Eligibility Period,” said Treasurer Deborah B. Goldberg. “Going forward the MSBA and the City will work together to find the best solutions for new and productive space for Everett’s students.”
The next step is for the district to complete preliminary requirements pertaining to local approval and formation of a local school building committee. Upon timely and successful completion of the Eligibility Period requirements, the district becomes eligible for an invitation into the Feasibility Study phase of the capital pipeline, subject to a vote of the Board of Directors.
“The Eligibility Period is a critical step in the MSBA’s process of evaluating potential work on George Keverian School,” stated Executive Director McCarthy. “We look forward to our continued partnership with the district as it enters the Eligibility Period.”
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 1,500 site visits to more than 250 school districts as part of its due diligence process and has made over $11.2 billion in reimbursements for school construction projects.