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You Are Here > Home > About > Media Center > Annual Report
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Annual ReportFinancial Statement The following are highlights from the FY2012 audited Financial Statements. 2012 marked an extraordinary year in the history of the school. MSPP signed a 15-year lease with an option to purchase at its new campus in Newton, MA in March 2012. After signing the lease, the school immediately began an $8.3 million renovation project for classroom and office space. To fund the project, MSPP obtained $4.5 million in tax-exempt financing. Here are the details of the financing which closed in April 2012: $3.5 million tax-exempt bond
$1.0 million tax-exempt lease
The move to our new campus was actually more cost-effective than making incremental changes and moves over the next five years. The cost of renovating our new campus was only $10 more per student than the cost of doing a series of incremental changes over the next five years to our old space. For detailed information about our financial statements, please call Patrick Capobianco, Vice President of Finance & Operations, at 617-327-6777.
Updated 12/5/12 |
2012 Rapport, Special Annual Report Edition 2011 Rapport, Special Annual Report Edition 2010 Rapport, Special Annual Report Edition 2008 Annual Report 2007 Annual Report 2006 Annual Report 2005 Annual Report 2004 Annual Report |
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