RIHEBC closes $12.7M bond for expansion, renovations for Blackstone Valley Prep

PROVIDENCE – The Rhode Island Health and Educational Building Corp. recently closed a $12.7 million bond for Blackstone Valley Prep Mayoral Academy, which runs a network of charter schools, according to a news release.

Proceeds from the bond will be used to buy and renovate two new schools – one upper elementary school in Lincoln and one middle school in Central Falls  – and for facilities projects at one of the existing elementary schools in Cumberland, the release stated.

The 30-year bond, with a 5.44% interest rate, is the third bond financed through RIHEBC on behalf of the Blackstone Valley Prep, the release stated.

Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com. 

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