As a result of said meeting, we have a draft agreement - pending final MSBA Board of Directors approval - for a total new B.M.C. Durfee High School building project cost of $263,496 million.
The city’s tentative share of the total cost, pending MSBA board approval, is $98.5 million. This represents a MSBA grant of 62.5% of the total cost with the City of Fall River providing 37.5% of the total project cost.
The final date for MSBA approval is Wednesday, February 14, 2018. We look forward to our next City Council meeting when we will provide details regarding the full project scope and estimated cost to our taxpayers.
Matthew H. Malone, PhD., Superintendent of Schools