Rendering of new wing for Boston Preparatory
Boston – MassDevelopment has issued a $12 million tax-exempt bond for Boston Preparatory Charter Public School (Boston Prep) in Boston’s Hyde Park neighborhood.
The school is using proceeds to build, furnish, and equip a 32,000sf, three-story wing to expand its recently completed middle and high school and to renovate and reconfigure the main entrance of its existing building.
The expansion will allow the school to accommodate 300 additional students, an increase that the Massachusetts Department of Elementary and Secondary Education authorized in 2017. Citizens Bank, N.A. purchased the bond.
MassDevelopment President and CEO Lauren Liss said, “MassDevelopment is pleased this tax-exempt bond will allow the school to grow, helping future generations of students expand their intellectual horizons.”
