State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced today that the MSBA Board of Directors voted to move the Lincoln Street Elementary School into the Schematic Design phase. The MSBA will continue to work in collaboration with the Northborough School District to produce detailed renderings of the potential addition and renovation project. 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.
“Listening to the needs of a community and developing projects accordingly are priorities at the MSBA, and the Lincoln Street Elementary School project is a case study in that sentiment,” said Treasurer Grossman. “Thanks to our collaborative work with local officials, we are working to build a safe and modern educational facility that will provide students with a top-notch learning environment.”
The proposed renovation project would address deficiencies in building systems including mechanical, electrical, plumbing, and windows. Lincoln Street Elementary School was built in 1965 and serves 270 students in Kindergarten through grade 5.
“The renovations at Lincoln Street Elementary School will mean a better learning and teaching environment for area students and teachers,” stated Executive Director McCarthy. “We are delighted to be partnering in this proposed project.”
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 over $10.1 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.