State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, joined state and local officials at a groundbreaking ceremony for the new Monomoy Regional High School. The MSBA is contributing a maximum total facilities grant of over $28 million of eligible expenses towards the $64.7 million project, which is being conducted as part of the Authority’s Model School Program.
“The Model School initiative has been a resounding success, and I’m excited that Monomoy’s needs are a good fit for the program,” said Treasurer Grossman. “By utilizing the best design elements from other successful construction projects, the MSBA’s reimbursement rate increases, saving money for local taxpayers.”
The Model School Program incorporates successful elements from existing schools into the design of new facilities. Through this program, districts can streamline construction and utilize design dynamics already deemed successful by students, teachers, and administrators. The Model School Program was created in 2008.
The project consists of a new 168,000 square-foot school on the site of the current Harwich High School. Monomoy Regional High School will serve 700 students in grades 8-12 and is based on the design of Ashland High School.
“The MSBA is thrilled to be taking part in the construction of the new Monomoy Regional High School,” Executive Director McCarthy said. “This partnership between the MSBA and the District will provide an up-to-date, 21st century facility for children in the District.”
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 $9.6 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.