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MassDevelopment, United Bank Support Manchester School

May 23, 2013 | Reprints | Unlock Link | Print

MassDevelopment has issued an $8.9 million tax-exempt bond on behalf of Brookwood School in Manchester. United Bank purchased the bond.

Brookwood will use bond proceeds to build a 21,000-square-foot lower school that will house classrooms, administrative offices and common and afterschool program spaces. It will also renovate the dining facility, locker rooms, administrative offices and nurse’s office.

"Thanks to this financing, Brookwood will educate children during their formative years in an environment more conducive to preparing them for their bright futures," MassDevelopment President and CEO Marty Jones said in a statement.

Located on Boston’s North Shore, Brookwood School serves 400 students in pre-kindergarten through eighth grade.

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