Boston – MassDevelopment has issued a $10 million tax-exempt bond on behalf of Foxborough Regional Charter School (FRCS), which serves students from kindergarten through 12th grade in Foxborough and nearby communities.
Foxborough Regional Charter School
FRCS will use bond proceeds to buy and renovate an 83,400sf building behind its existing 131 Central Street campus. The new building will house FRCS’s elementary school, while FRCS’s middle and high schools will remain in the existing campus building.
FRCS will also use bond proceeds to make sidewalk and road improvements to connect the two buildings; build a 6,000sf gymnasium addition to the new school building; and update furniture, fixtures, and equipment for both buildings. MassDevelopment enhanced the bond with a Charter School Mortgage Guarantee, and Eastern Bank purchased the bond.
