Boston – MassDevelopment has issued a $15.5 million tax-exempt bond on behalf of the Belmont Day School, an independent, coeducational institution that serves students from pre-school through eighth grade.
The School is using bond proceeds to build, furnish, and equip an approximately 25,000sf building it will call “The Barn” that will include classrooms, a gymnasium, common areas, and a new driveway.
The School will also use proceeds to fund other capital improvements to its campus. Prospect Inc., an affiliate of the East Boston Savings Bank, purchased the bond.
