New money proceeds from the Series L bonds will be used to finance the renovation of Warham and Palmer Hall dormitories, renovation of the Head of School House, the construction of a new dormitory, paving and drainage improvements, major repairs to the soccer field, housing repairs and upgrades, acquiring capital equipment and other capital projects. Elements of the project began in late spring of 2022 and are estimated to be completed by the fiscal year ending June 30, 2025.

New money proceeds from the Series A bonds will be used to finance the construction of a new health and wellness center, including squash courts as well as reimburse the Academy for its recently completed Lower School Project.  The Lower School Project cost total approximately $8 million of which the Academy will be seeking reimbursement for approximately $5 million.