The Camden County Improvement Authority (CCIA) announced the successful issuance of $6.29 million Borough Guaranteed Lease Revenue Bonds for the Brooklawn Board of Education Project.
This financing will fund critical capital improvements at the school, including classroom and facility upgrades, heating, cooling and ventilation improvements, and modernized infrastructure
“This project reflects Camden County’s commitment to investing in education, strengthening community assets and ensuring safe, modern learning environments for our children,” said Commissioner Director Louis Cappelli Jr., liaison to the Camden County Improvement Authority.
“I applaud the CCIA, Brooklawn Borough and the Brooklawn Board of Education for their steadfast commitment to improving Alice Costello Elementary School, ensuring student success for years to come.”
“This agreement highlights the CCIA’s capacity to assist municipalities, nonprofits and community organizations in their capital investments through providing a cost-saving alternative to traditional municipal bonds,” said Jim Lex, executive director of the Camden County Improvement Authority.
“We are excited to support the Brooklawn Board of Education Project and look forward to seeing the improvements made through innovative funding available for schools that need code and safety repairs.”
The project is expected to be completed before the 2026-2027 school year.
