Page 62 - BusinessWest September 19, 2022

Center of Activity
MThe Berkshire School Uses $30 Million Bond for Additions, Upgrades
assDevelopment recently issued a $30 more.
million tax-exempt bond on behalf of Construction is expected to begin in the the Berkshire School, an independent, late spring of 2023 and be completed in the
coeducational, college-preparatory board- ing and day school in Sheffield for grades 9 through 12 and post-graduates.
The school will use bond proceeds to build a 17,000-square-foot addition to the existing 31,000-square-foot student center; replace the
“This financing will help us to build and create an open and multi-functional space where everyone is welcomed and has a place to come together as a community.”
building’s roof, windows, and mechanical, elec- trical, and fire-protection systems; and fund fur- niture, fixtures, and equipment for the building. When complete, the student center will house a kitchen, dining commons, music center, gath- ering space, snack bar, club space, Student Life offices, post office, bookstore, radio station, and
fall of 2024. TD Bank purchased the bond, which will also fund construction of new fac- ulty housing.
“The Commonwealth is fortunate to have many independent preparatory schools in our education ecosystem that provide quality aca- demic experiences for students and open the door to successful career paths in our com- munities,” said Housing and Economic Devel- opment Secretary Mike Kennealy, who serves as chair of MassDevelopment’s board of direc- tors. “MassDevelopment’s financing solutions gives these schools the chance to make cost- effective upgrades to their facilities.”
MassDevelopment President and CEO
Dan Rivera noted that “a key component to
a well-balanced academic and social experi- ence is providing students with a place to
join together outside of the classroom. We’re pleased to be a part of the Berkshire School’s investment in student life and faculty housing that will improve the foundation of its campus and community.”
Andrew Webster, TD Bank’s vice president and senior relationship manager, added that “we are thrilled to work with MassDevelopment and be
a part of the expansion and improvements being
The student center at the Berkshire School will get a series of improvements in addition to a 17,000-square-foot addition.
made to the Berkshire School campus. The local community is an
integral part of what we do at TD, and we
Berkshire
Continued on page 63
BUILD FOR THE FUTURE
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62 SEPTEMBER 19, 2022
CONSTRUCTION
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