The second opportunity evolves from the long-term desire for additional athletic fields for BB&N. We are working on a potential partnership with the Town of Watertown to increase our field space. Specifically, we are discussing the possibility of BB&N purchasing a 6-acre lot on Grove Street that is for sale by Mount Auburn Cemetery. If we are able to acquire the parcel, we would then develop a joint-use agreement allowing BB&N to use the two fields at
(a 14-acre Watertown park adjacent to this lot) after school each day. In return, we would grant the town access to the two fields we would build on the Grove Street lot, when we are not using them.
There are a number of commercial developers interested in this site, and the reality is that we most likely will not be able to compete with them on price, given where we understand other offers stand. What we hope will differentiate BB&N’s offer, however, is the strategic partnership with Watertown that our proposal represents. In order to demonstrate our commitment to this partnership and detail the benefits it would bring to both BB&N and the town, we will appear in front of the Watertown Town Council on Tuesday, November 12th. Because this will be a public meeting, we wanted to be sure that we informed you about this proposal in advance of that forum.
While we are pleased to share with you this exciting opportunity, our Board will need to carefully assess the potential acquisition. In addition, the Mount Auburn Cemetery Board will have to weigh the highest-price bid versus our unique commitment to increase open space and ensure a use compatible with the Cemetery’s vision for the lot. The Cemetery Board has informed bidders that they will determine the winning proposal in the next few months.
Thank you for your support. Please reach out to either of us with any questions. We are committed to providing the best opportunities for all our students and ensuring our long-term viability as one of the top independent schools in the region.