Thursday, May 29, 2008

School Board Approves Wakefield-Friendly CIP

We are happy to report that the School Board unanimously approved a Capital Improvement Plan (CIP) that accelerates the Wakefield bond cycles by 2 years. So what does the timeline look like now?

Nov 2008 - Bond Referendum of $99M on ballot. Funds enable planning and pre-construction to begin for Wakefield.

2009 - Bonds issued and funds spent on Wakefield planning and pre-construction.

Nov 2010 - Bond Referendum of $156M to voters. If approved, the funds are now ready to fully fund Wakefield construction over the proposed 4-year construction cycle.

2011-2012 -- No money spent on Wakefield

2013 - Wakefield construction begins

2017 - Wakefield construction complete

So what's next? Accelerate the 2013 construction start date and/or compress the 4-year construction cycle -- which is a plan that requires County Board engagement. Any comments you have would be helpful.

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