East Somerville School: $5.8 million loan

On December 21, 2011, in Latest News, by The Somerville Times

City awaits state approval

By Andrew Firestone

Somerville officials announced last week that they are awaiting the approval for a $5.8 million from the School Building Authority, a low-interest loan meant to bridge a budget gap for the destroyed school.

The loan would have only two percent interest, and would allow for the completed school, budged at around $39.1 million, to open in September 2013, bringing 600 students back together.

The school was heavily damaged in a fire in 2007.

 

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