Rendering of future Boston Prep Middle and High School
Hyde Park, MA – MassDevelopment has issued a $17.5 million tax-exempt bond on behalf of Boston Prep, a public charter school in the city’s Hyde Park neighborhood. Boston Prep is using bond proceeds to build a three-story school that will house its middle and high school programs. The 49,000sf building will include classrooms, common areas, science labs, a library, small group instructional spaces, a gym, a cafeteria, outdoor athletic space, and seamless technology integration. Citizens Bank purchased the bond, and MassDevelopment estimates the project will create nearly 100 construction jobs.
“Charter schools across the commonwealth are in high demand and need improved and expanded facilities to educate the next generation,” said MassDevelopment President and CEO Marty Jones. “We’re pleased to work with Boston Prep to help the school move to its new Hyde Park home.”
Opened in 2004, Boston Prep serves 415 students in sixth through 12th grade. The school’s mission is to prepare students to succeed in four-year colleges and to embody, in thought and action, lifelong ethical growth by cultivating the virtues of compassion, courage, integrity, perseverance, and respect. Over the past five years, 100% of Boston Prep’s seniors have been accepted to four-year colleges.
