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MSBA raises Salem High School award by about $10 million; committee lays out 2027–2031 timeline
Summary
Salem High School project team told the building committee the Massachusetts School Building Authority (MSBA) estimated its reimbursement about $10 million higher than earlier projections, raising the MSBA award to roughly $208 million; the committee confirmed bidding in 2027, construction starting early 2028 and a target opening for the 2030 school year.
The Salem High School Building Committee received an update Jan. 29 that put the project’s financing and schedule on a firmer footing: the Massachusetts School Building Authority’s estimate of its reimbursement came in about $10 million higher than the project team’s earlier estimate, raising the MSBA award to approximately $208,000,000.
“The good news is that their estimate of their reimbursement is about $10,000,000 higher than my estimate,” said Speaker 1, the committee’s lead presenter. He told the committee the MSBA review had moved quickly in the prior week and the agency’s staff were transitioning the project to the team that would work with Salem after a successful local vote.
The committee reviewed a multi-year timetable: schematic design will be on the Feb. 25 board meeting…
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