$11M Bond Issued for Additions to The Wheeler School in Seekonk

The Wheeler School’s new Nest building / Renderings courtesy of The Wheeler School

Seekonk, MA – MassDevelopment has issued an $11 million tax-exempt bond on behalf of The Wheeler School, an independent coeducational college preparatory day school, which will use proceeds to fund several capital projects at its campus at 357 Walker St. in Seekonk.

The school will build a new eight-lane pool; an outdoor splash pad; a dressing room, restroom, and storage building; and a 2-story building to house the Nest, a nature-based early learning center, which provides activities and education for preschool children and will include an exterior boardwalk and landscaping. These improvements will allow the school to expand its summer camp enrollment capacity, host swim events, and eliminate the need to rent pool time for the school’s swim team.

Aquatics center

Construction is expected to begin this spring and be completed during summer 2025. The school expects to create five full-time jobs and 80 part-time jobs over the next three years. Berkshire Bank purchased the bond, which helped The Wheeler School achieve a lower cost of capital.

Founded in 1889, The Wheeler School is an independent N-12 day school located on two campuses: in the College Hill neighborhood of Providence, R.I. and a 120-acre farm in Seekonk. Wheeler’s farm campus currently has eight athletic fields including an organic turf field, a 32,500sf fieldhouse, track and field complex, eight tennis courts, a conference center, a pool and pavilion, and acreage for a biological and ecological field laboratory.

“MassDevelopment was key to the successful completion of this transaction, noting key steps and deadlines throughout the process,” says Kathy Wilson, Wheeler’s chief financial officer. “Working together, the team at MassDevelopment and Wheeler’s leadership team have successfully paved a pathway into the future.”