Private Massachusetts boarding school receives $45 million tax-exempt bond for facility upgrades
Fay School, Inc., a private day and boarding school in Southborough, Mass., is updating its facilities with the help of a tax-exempt bond from MassDevelopment.
The $45 million tax-exempt bond is renovating the school's Root Academic Building and is constructing a new Center for Creativity and Design, MassDevelopment says in a news release.
“This tax-exempt financing will help the Fay School stay competitive with a new high-tech design space that will ensure students are better prepared for future academic and professional opportunities,” said MassDevelopment President and CEO, Dan Rivera.
The center will provide a high-tech design and fabrication lab spaces for its students.
The school serves about 475 students in grades kindergarten through nine.