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$44M Bond Funds New Field House for Middlesex School in Concord
MassDevelopment has issued a $43,680,000 tax-exempt bond on behalf of Middlesex School, an independent secondary school in Concord, MA for boarding and day students in grades 9-12. The school will use proceeds to build a new approximately 80,000-square-foot field house building with multi-purpose practice courts, an elevated indoor track, fitness center, spaces for meeting, wellness, and physical rehabilitation, locker rooms, and covered parking.
Middlesex School will also use proceeds to resurface and restore two turf fields and fund several other capital improvement projects on its campus. The bonds were sold through a public offering underwritten by Stifel, Nicolaus & Company, Inc.
“Generations of students will benefit from Middlesex School’s investment in these new and improved athletic facilities,” said MassDevelopment deputy director and senior EVP Marcos Marrero. “MassDevelopment is pleased we can be a resource for nonprofit independent schools looking to renovate or expand their campuses.”
Rendering courtesy of Erland Construction.
- ◦Development
- ◦Financing
