North Andover, MA – MassDevelopment has issued a $37,743,719.71 tax-exempt bond on behalf of Brooks School, a coeducational boarding and day school in North Andover. The school will use bond proceeds to build and equip a new admissions building, which will house admissions offices formerly located in a smaller building shared with other departments; build new housing for faculty members; and create a new main entrance to the campus.
First Republic Bank purchased the bond, which will also be used to refinance previously issued debt.
“At Brooks School, our tax-exempt bond will fund new facilities and planned renovations that will enhance the campus and allow the school to better serve its students and faculty,” said MassDevelopment president and CEO Lauren Liss.
Established in 1926, Brooks School provides a coeducational, college preparatory program for 380 students on a 270-acre campus overlooking Lake Cochichewick. Small class sizes allow students to work closely with teachers, fostering a relationship that is at the core of the school’s warm, close-knit community.
With a challenging academic curriculum that includes 20 advanced placement courses, Brooks also offers opportunities to study abroad in Africa, Europe, and South America. The school’s exceptional athletic program has earned numerous league and New England championships.