Yarmouth, MA – MassDevelopment has issued a $3 million tax-exempt bond on behalf of the Cape Cod Collaborative (CCC), an educational organization that will use proceeds to renovate and equip the former Laurence MacArthur Elementary School located at 1175 Route 28 in Yarmouth.
Once renovated, the building will house Cape Cod Collaborative’s Waypoint Academy, an approved public, special middle and high school program currently located in Sandwich that provides an alternative school environment for students with identified needs best met in a specialized environment.
Renovations to the former Laurence MacArthur Elementary School will include improving electrical and lighting systems, adding or upgrading bathrooms, building out classrooms, improving handicap access, modernizing the kitchen and cafeteria, and upgrading infrastructure.
Cape Cod Collaborative will use the entirety of the building on weekdays for its Waypoint Academy, with Bridgewater State University (BSU) also continuing to use the property on evenings and weekends. This move will enhance Cape Cod Collaborative’s established partnership with BSU that allows the organization’s employees to access college-level courses at the university related to teacher licensure and professional development. TD Bank purchased the bond.
Student services offered by the Cape Cod Collaborative include alternative education programs for low-incident, special needs populations; programs for the multi-handicapped; therapy and services for students requiring specialized support; and a full range of transportation services for both the special needs and general education population.