Newton, MA – MassDevelopment has issued a $10.6 million tax-exempt bond for JCC Greater Boston, a nonprofit local Jewish community organization. JCC Greater Boston will use bond proceeds to renovate a three-story physical education wing at its Leventhal-Sidman Center in Newton.
These changes will include renovations to the locker rooms and men’s health center, as well as additional upgrades for HVAC systems, accessibility, and program facilities. JCC Greater Boston will also use bond proceeds to build a two-story addition to the wing, which will house a new fitness center, family resource programs, and other activities.
Century Bank & Trust Company purchased this bond, which will also refinance an existing commercial loan and finance routine capital improvement projects.