State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and MSBA Executive Director Jack McCarthy announced today that the MSBA Board of Directors voted to invite Waltham High School into the MSBA’s Eligibility Period. During the 270-day Eligibility Period, the MSBA will work with Waltham to determine the District’s financial and community readiness to enter the Capital Pipeline.
“I’m delighted that the Board has voted Waltham High School into the Eligibility Period,” said Treasurer Grossman. “We look forward to working collaboratively with Waltham officials to develop the best solution to meet the City’s educational needs in a fiscally responsible manner.”
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 Waltham High 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 1,485 site visits to more than 250 school districts as part of its due diligence process and has made over $11.1 billion in reimbursements for school construction projects.