Massachusetts School Building Authority Announces $44 Million Approval for an Addition/Renovation Project at Bay Path Vocational Technical High School
MSBA Board votes to contribute up to $44,510,177 towards the addition/renovation of the school
State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, today announced that the MSBA Board of Directors voted to approve funding for an addition and renovation to the Bay Path Regional Vocational Technical High School. One of the next steps is for Bay Path officials and the MSBA to enter into a Project Funding Agreement which will detail the project’s scope and budget and set forth the terms and conditions under which the District will receive its grant from the MSBA.
Bay Path Regional Vocational Technical High School is currently 198,000 square feet and serves 1,077 students in grades 9 through 12. The District and MSBA have agreed upon a design enrollment of 1,110 students for the proposed project, which includes the construction of additions and upgrades to multiple building systems including roof, electrical, lighting, plumbing, windows and HVAC. The MSBA will contribute up to 67.41% of eligible costs for a total grant of up to $44,510,177 towards the project.
“This is a great day for the Bay Path community, and the MSBA is excited to direct nearly $45 million into the local Voc-Tech program,” said Treasurer Grossman. “This is a sound investment that will lead to thousands of students acquiring the skills they need to compete for specialized, good-paying jobs.”
“The addition and renovation to the high school will address deficiencies in the existing building systems and create much needed core academic and science classrooms,” stated Jack McCarthy, MSBA Executive Director. “This project will undoubtedly enhance and improve their students' ability to excel in the classroom.”
The MSBA strives to find the right-sized, most fiscally-responsible, and educationally-appropriate solutions to create safe and sound learning environments. In its seven year history, the MSBA has made more than $8 billion in reimbursements to cities, towns, and regional school districts for school construction projects. These timely payments have saved municipalities more than $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities in these difficult economic times.