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.
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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.
