Dedham, MA – MassDevelopment has issued a $16 million tax-exempt bond on behalf of Ursuline Academy, an independent, Catholic, girls’ preparatory school in Dedham.
The school is using bond proceeds to develop, furnish, and build a 40,000sf Athletic and Convocation Center (ACC) that will house new classrooms, an innovation lab, a regulation-size gymnasium, a fitness room, and a gathering space.
Proceeds will also finance demolition of existing facilities to allow for construction of the new ACC, as well as a new 3,700sf facilities maintenance building, and will refinance a prior MassDevelopment bond. Farmington Bank purchased the bond.
