Sheffield, MA – MassDevelopment has issued a $3 million tax-exempt bond for Berkshire School Inc., an independent, co-educational, college preparatory boarding and day school in Sheffield. The school will use bond proceeds to build, furnish, and equip an approximately 2,280sq addition to the school’s Spurr dormitory, and to demolish and reconstruct portions of the building. The school will also use bond proceeds to replace about 185,000sq of existing athletic turf fields. TD Bank purchased the bond.
Berkshire School began as a school for boys in 1907 and expanded to become co-educational in 1969. The school has an enrollment of about 400 students in grades nine through 12, as well as a post-graduate year, with students entering from the school from 33 states and 32 countries. Berkshire School offers programs in advanced math/ science research, and advanced humanities research, along with a range of arts offerings and championship athletics.
“MassDevelopment is committed to helping the Commonwealth’s top-notch educational institutions expand their facilities and grow their programming so that students enter the professional world with the skills to succeed,” said MassDevelopment President and CEO Lauren Liss. “We are pleased this low-cost financing will help The Berkshire School update its campus with a new dormitory and modern athletic fields.”