A tax-exempt bond in the amount of $2.8 million has been issued by MassDevelopment on behalf of The Baseball, Inc., also known as “The BASE.” This nonprofit organization offers year-round athletic and academic training to student athletes, as well as access to college fairs and showcases, professional visits, and academic scholarships through partnerships with various colleges and universities across the country.
Using a combination of bond proceeds and funds raised from local philanthropies, The BASE was able to purchase a building at 150 Shirley St. in Boston’s Roxbury neighborhood (previously leased) along with an adjacent parcel for parking. Eastern Bank purchased the bond which helped lower their cost of capital.
According to Marcos Marrero, deputy director and senior EVP at MassDevelopment: “We are pleased to support The BASE in establishing its presence within the Roxbury community. This investment will allow them to continue making positive contributions towards improving quality of life for young residents.”
