MCCARTHY AWARDED THREE-PHASE HIGH SCHOOL EXPANSION

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PARAMOUNT, CALIF. — McCarthy Building Companies Inc. has been awarded the construction contract for the three-phase expansion of Paramount High School in Paramount. The 2-year, $70 million expansion project includes construction of a stadium and athletic complex in the first phase; a stadium field and house in the second phase; and a new science building, mini gym and the renovation of existing academic and athletic facilities in the third phase. Construction of the first phase is currently underway and will feature a 6,000-seat stadium, a soccer/football field, a nine-lane track and equipment for track and field activities, including the high jump and pole vault, and a fully equipped press box. Construction of the second phase, which is slated to begin in spring 2009, will include an athletic field house with locker rooms, concessions, weight rooms and other related facilities. The final phase will include expansion to the existing gymnasium, a new mini gymnasium and library, upgrades to the existing auditorium and classrooms and a new science building. Construction is expected to continue through 2010. LPA Architects is providing architectural services for the project. Financing is provided through the Measure AA, a $100 million bond that was passed in November 2006.

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