Boston – MassDevelopment has issued a $12,460,000 tax-exempt lease on behalf of the WGBH Educational Foundation (GBH). GBH will use the proceeds to fund renovations and electrical system upgrades and buy and install equipment at its building at 44 Hampden St. in Springfield, which is home to GBH partner, New England Public Media (NEPM), a new nonprofit created by a merger of public television station WGBY and public radio station NEPR.
GBH will also use the proceeds to upgrade technical systems at its headquarters and studios at 1 and 10 Guest St. in Boston. The tax-exempt lease was financed by Bank of America.
“GBH’s mission of educating and engaging people through local public media programs is of vital importance to ensuring a healthy civic discourse across New England,” said MassDevelopment president and CEO, Dan Rivera. “MassDevelopment is proud to support GBH with tax-exempt financing that will allow the organization to renovate facilities and upgrade equipment that is crucial to its work.”
GBH’s television channels include GBH 2, GBH 44, GBH Kids, and national services WORLD and Create. With studios and a newsroom headquartered in Boston, GBH reaches across New England with GBH 89.7, Boston’s Local NPR; CRB Classical 99.5; CAI, the Cape and Islands NPR station; and as a partner to NEPM in Springfield.
NEPM is a community-supported, independent nonprofit organization based in Springfield that builds on the legacy and strengths of WGBY-TV and New England Public Radio. It provides audiences with a broad array of local and national programs across all media: TV, radio, online, and mobile, including PBS and NPR programs as well as locally produced series, podcasts, and specials.
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In 2021, NEPM also received a $200,000 grant from the Cultural Facilities Fund, administered by MassDevelopment and Mass Cultural Council, to support renovation of the building at 44 Hampden St. in Springfield into a new engagement and education space.
