Boston – MassDevelopment has issued $10.3 million in tax-exempt bonds for the Charles River School (CRS), which will use bond proceeds to build a 13,000sf middle school building that will house seven classrooms, six breakout rooms, science learning spaces, and a common room.
CRS will also use proceeds to furnish and equip this new building, to renovate its Founders House, and to refinance previously issued debt. Needham Bank purchased the bond.
Founded in 1911, CRS is a progressive independent school for children in pre-kindergarten to eighth grade located in MetroWest Boston. Today, it has a 16-acre campus with an enrollment of about 160 students.
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CRS educates children in academics, arts, and athletics, instilling in them confidence and strong academic and problem-solving skills. Classes are small, learning is personalized, and teachers are dynamic and accessible. CRS is a member of the National Association of Independent Schools and accredited by the Association of Independent Schools of New England.
