New Bedford, MA (2015)

Alma del Mar Charter School

Investment

NMTC Amount: 14,510,000

Total Project Cost: 16,252,650

IMPACT

20 FTE jobs

88 construction jobs

Demolition of 100 year old school building, construction of new school building.

Project Description

Demolition of 100 year old school building, construction of new school building. Alma del Mar is a Massachusetts charter school located in New Bedford since 2011. Its mission is to send all of its scholars to college without exception. Despite having a student body that is 79% low-income Alma del Mar maintains high expectations and provides support for students and families in order to set each scholar on the path to college. Its highly successful program has created strong pressures to grow and it is seeking to increase its enrollment from 240 currently to 450 by 2020. To accommodate this growth, it is planning on acquiring its leased site from the City of New Bedford, demolishing the existing building, and constructing a 39,000 SF school building.

MAP

26 Madeira Avenue, New Bedford, MA 2746

Video

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