MassDevelopment

Weston Independent School Adds Academic Building Thanks to MassDevelopment Bond

June 15, 2016


FOR IMMEDIATE RELEASE

Contacts:
Kelsey Abbruzzese, MassDevelopment, 617-330-2086 & 617-448-9077 (cell)
kabbruzzese@massdevelopment.com

Pam Scafati, The Meadowbrook School, 781-314-9267
pscafati@meadowbrook-ma.org

MassDevelopment has issued a $20 million tax-exempt bond on behalf of the Meadowbrook School of Weston, an independent day school in Weston. The School is using bond proceeds to demolish Meadowbrook’s Lower School and library to make way for a new three-story Academic Commons and Lower School. The new building will include classrooms, an innovation center, a science lab, faculty spaces, a new makerspace, a fully integrated library, and community spaces. The School is also using bond proceeds to buy and install other miscellaneous equipment for the campus. Century Subsidiary Investments, Inc. (an affiliate of Century Bank and Trust Company) purchased the bond.

“The Academic Commons will allow Meadowbrook School to realize its curriculum and programming goals with a dynamic new academic space,” said MassDevelopment President and CEO Marty Jones. “We are pleased to support a project that is so vital to Meadowbrook’s future.”

The Meadowbrook School of Weston was founded in 1923 and is a co-educational, independent day school that serves 315 boys and girls in junior kindergarten through eighth grade. The School’s educational mission relies on a foundation of exceptional teaching, innovative learning, academic rigor, and a welcoming community. Its students come from 35 towns throughout the greater Boston and MetroWest areas. 

“We are thrilled to move forward with this project,” said Meadowbrook’s Headmaster Stephen T. Hinds. “The world for which we are preparing our children has changed dramatically in recent years. Many Meadowbrook students will one day pursue careers that don’t yet exist in fields that have yet to be created. To prepare them for future success, we must teach them to think nimbly and creatively, and to solve problems with innovative, collaborative methods. This approach requires a flexible learning environment that will accommodate the forward-thinking, hands-on teaching methods our faculty members are already using. This new building will provide us the space we need to better serve our students and prepare them for the future.”  

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units.