How much will the MSBA pay for and are there monies available for Hanover?
Hanover has been given a base rate of 48.89%. Hanover will also qualify for a number of incentive points that have yet to be determined. Categories include innovative community use, energy efficiency, and maintenance rating with a potential for as much as 8 additional points. We are comfortable that our reimbursement rate will be at least 50% and Hanover is the first High School project approved to move forward through design. The state has $2.5 billion for school projects and Hanover will be one of the first approved projects to receive funding. The MSBA is a partner on this project and will pay their share from the beginning.