The Camden County Improvement Authority (CCIA) has issued $6.29 million in Borough Guaranteed Lease Revenue Bonds to support the Brooklawn Board of Education Project. The funding will be used for significant upgrades at Alice Costello Elementary School, including improvements to classrooms, facilities, heating, cooling, ventilation systems, and overall 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.”
The financing is intended to provide a cost-saving alternative compared to traditional municipal bonds for capital improvements needed by schools. Jim Lex, Executive Director of the CCIA, stated: “This agreement highlights the CCIA’s capacity to assist municipalities, non-profits, and community organizations in their capital investments, through providing a cost-saving alternative to traditional municipal bonds. 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 who need code and safety repairs.”
The construction is expected to finish before the start of the 2026-2027 school year.
The CCIA operates as an independent public agency created by the Camden County Board of Commissioners. Its purpose is to offer low-cost financing and development services that help local governments and organizations improve economic opportunities and quality of life across Camden County and other eligible areas in New Jersey.
Camden County is governed by a seven-member Board of Commissioners responsible for legislative and executive functions. The county provides various services such as public safety initiatives, health programs, parks maintenance, recreation opportunities, infrastructure upgrades—including those related to education—and community programs that serve over 500,000 residents throughout its 37 municipalities (official website). These efforts include working with local partners on projects that promote economic growth and enhance well-being across southern New Jersey (official website).
