The Massachusetts School Building Authority Announces $51.4 Million Grant Approval for A New Duxbury Middle/High School
MSBA Board votes to contribute up to $51,406,497 towards the new school
State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Katherine Craven, MSBA Executive Director, today announced that the MSBA Board of Directors voted to approve funding to build a new Duxbury Middle/High School. One of the next steps is for Duxbury 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 town will receive its grant from the MSBA.
The new Duxbury Middle/High School will be built upon a design enrollment of 1,735 students in grades 6 through 12. The MSBA will be contributing up to 44.13% of eligible costs for a total grant of up to $51,406,497 towards the new school. An increase of up to one incentive reimbursement point may be granted if the District utilizes the Construction Manager-at-Risk delivery method.
“The plans for this new $51.4 million middle/high school are the direct result of a collaborative partnership forged between Duxbury officials and the MSBA,” said Treasurer Grossman. “We look forward to helping deliver an efficient, sustainable, and cost-effective facility that will preserve local and state taxpayer resources and successfully educate generations of Duxbury students.”
“The new Duxbury Middle/High School will address facility deficiencies as well as eliminate overcrowding,” stated Katherine Craven, MSBA Executive Director. “Students will soon have a beautiful new space which will enhance and improve their 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 six 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 over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities in these difficult economic times.