UnitedIlluminating

Bond Helps School Buy New HVAC System

| August 15, 2019

Chestnut Hill, MA – MassDevelopment has issued a $7 million tax-exempt bond on behalf of Beaver Country Day School, Inc., a coeducational independent day school in Brookline’s Chestnut Hill neighborhood, serving students in grades 6 – 12.

The school will use bond proceeds to buy a new HVAC system, which will replace its current steam heating system and add air conditioning to the school’s main building. Boston Private Bank & Trust Company purchased the bond.

“At Beaver we see every part of our campus as ‘the classroom,’ every square foot is thoughtfully designed to inspire creativity and foster productivity,” said Beaver Country Day School chief financial officer, Joanne McDaniel. “We are constantly evolving our campus to meet the needs of our students, faculty and staff. The new HVAC system will ensure our entire campus can be utilized to support this teaching and learning style.”

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth.

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Category: All, Education

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