BROOKLAWN, NJ — The Brooklawn School District will receive more than $6 million to modernize and upgrade Alice Costello Elementary School, following the Camden County Improvement Authority’s successful issuance of $6.29 million in Borough‑Guaranteed Lease Revenue Bonds.
- February 03, 2026
County officials say the investment will address long‑needed improvements to the school’s infrastructure, ensuring safer and more efficient learning spaces for students.
“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 CCIA. “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.”
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What the Funding Will Cover
The financing package will support a wide range of capital upgrades at Alice Costello Elementary, including:
- Classroom and facility renovations
- Heating, cooling, and ventilation improvements
- Modernized building infrastructure
- Code and safety‑related repairs
Officials say these improvements will help extend the life of the school building while providing students and staff with a healthier, more reliable environment.
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A Cost‑Saving Approach for Local Schools
CCIA Executive Director Jim Lex emphasized that the agreement demonstrates the authority’s ability to help local governments and school districts finance major projects at reduced cost.
“This agreement highlights the CCIA’s capacity to assist municipalities, non‑profits, and community organizations in their capital investments by providing a cost‑saving alternative to traditional municipal bonds,” Lex said. “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 that need code and safety repairs.”
The project is expected to be completed before the start of the 2026–2027 school year.
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About the Camden County Improvement Authority
The Camden County Improvement Authority is an independent public agency created by the Camden County Board of Commissioners. The authority provides low‑cost financing, economic development services, and project management for local governments, nonprofits, and community organizations. Its mission includes supporting redevelopment, employment growth, affordable housing, and capital projects that improve quality of life throughout Camden County and other eligible areas of New Jersey.