The Camden County Improvement Authority (CCIA) has issued $6.29 million in Borough Guaranteed Lease Revenue Bonds to finance the Brooklawn Board of Education Project. The funds will be used for capital improvements at Alice Costello Elementary School, such as upgrading classrooms and facilities, improving heating, cooling, and ventilation systems, and modernizing 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 designed to provide a cost-saving alternative compared to traditional municipal bonds. 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.”
Completion of the project is expected before the start of the 2026-2027 school year.
The CCIA is an independent public agency created by the Camden County Board of Commissioners. It provides low-cost financing and development services for local units and organizations across Camden County and other areas in New Jersey. These efforts aim to support economic growth, redevelopment projects, affordable housing initiatives, and improved quality of life for county residents.
Camden County operates with a seven-member Board of Commissioners responsible for legislative and executive duties over its 37 municipalities. The county provides services such as public safety programs, health initiatives, parks maintenance, infrastructure upgrades,and supports over 500,000 residents. According to its official website, Camden County also works with local partners on educational improvement projects that contribute to community welfare.
