Glenbard High School District 87 is preparing to issue $20 million in bonds within the next year to help pay for a $100 million worth of improvements at the District’s four high schools, the Suburban Life reports.
The borrowing would be done with two $10 million bond issues, one in 2013 and one in 2014, with a remaining $45 million of the improvements funded by district operating funds and $35 million coming through a potential spring 2014 referendum to extend bonds set to expire in 2017, according to the Daily Herald.
The first projects could start as early as summer 2014, the paper said. "It will be lots of big projects or maybe a lot of little projects, but all will be aligned with our master facility plan," the paper quoted Board President Rich Heim saying.
According to the Suburban Life, District 87 intends to hold community forums in September on the master plan, which includes adding air conditioning to Glenbard East and Glenbard West, renovating and adding to classrooms and performing roofing and mechanical work.