MassDev Issues Bond to Winchester Soccer Club

| July 6, 2015 | 0 Comments

soccer-ball-on-field-sport_066227Boston – MassDevelopment recently issued a $7 million tax-exempt bond on behalf of the Winchester Soccer Club, Inc., which will use the proceeds to acquire land and build two multi-sport synthetic turf playing fields, a smaller natural grass outdoor field, and a 70,000-square-foot field house. The organization will also use bond proceeds to furnish and equip the field house and build a 130-space parking lot. Winchester Soccer Club expects the project to support 24 construction jobs. Salem Five Cents Savings Bank purchased the bond.

“Nonprofit community organizations like the Winchester Soccer Club instill values of leadership and sportsmanship in our youth,” said MassDevelopment President and CEO Marty Jones. “MassDevelopment is pleased to the support the organization as it upgrades and expands its facilities to better engage and inspire future leaders of the Commonwealth.”

Incorporated in 1980, the Winchester Soccer Club is a nonprofit that provides training, equipment, field maintenance, referees, uniforms, registration, supervision, and organization for more than 1,700 soccer players ages 3-18. Winchester Soccer Club operates entirely by the support of Winchester resident volunteers. The Club operates under the general philosophy of inclusion, and a belief that vigorous exercise, team sports, and healthy competition benefit the physical and moral development of all participants.

“The Winchester Soccer Club is thrilled to have the opportunity to partner with MassDevelopment,” said Charlie Stackhouse, Winchester Soccer Club Committee Co-Chair. “They became an invaluable member of our team, and their support was instrumental in making our dream of building our own fields a reality.”

 

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Category: All, Financial