Lakeville's Select Board is making significant strides in securing funding for the Old Colony School District's renovation project, with a projected budget of $288 million. During a recent meeting, officials discussed negotiations with the Massachusetts School Building Authority (MSBA) for a maximum district grant of nearly $130 million, which would leave the district responsible for just over $159 million.

The project is currently at the schematic design level, meaning that while plans are in progress, they are not yet finalized. To ensure the budget is comprehensive, the team is carrying approximately $17 million in design and pricing contingencies. This is crucial as the design phase is expected to last from November 2025 to November 2026, during which costs may fluctuate.

Board members emphasized the importance of fiscal responsibility, noting that once the project scope and budget agreement is approved on October 29, the total project budget cannot exceed $288 million. This commitment aims to ensure that the district remains accountable to its member communities while meeting educational needs.

The MSBA has recognized the district's efforts in maintaining its facilities, which has positively impacted its reimbursement rate. The base reimbursement rate has increased, allowing the district to capture additional funding for eligible costs. The board is also targeting energy efficiency incentives and exploring grants to further support the project.

As the planning progresses, the Select Board is focused on ensuring that the renovation meets current educational standards and adequately serves the student population, which is currently underserved in terms of space. The next steps involve finalizing the project scope and budget, with the community eagerly anticipating the improvements that will enhance educational opportunities at Old Colony.