TribLIVE

| Neighborhoods

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Plum School Board prepares for spending

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

Wednesday, Oct. 3, 2012, 9:30 p.m.
 

The Plum School Board is lining up financing for its next round of building improvements.

Board members during the meeting last week approved two resolutions that are expected to glean the district about $13 million as they make decisions about the future of Adlai Stevenson and Holiday Park elementary schools.

In the first resolution, the board voted to proceed with borrowing about $7.5 million. The board also approved refinancing two separate bond issues, which is expected to collect a total of $5.5 million for the district.

The district also has about $2 million remaining from the Pivik Elementary School construction project.

The board earlier this year also voted to set aside $2.5 million in a fund created for capital improvements.

With all the sources of money, the district is expected to have about $17.5 million available for building projects.

The board, during a facilities committee meeting earlier this month, narrowed the possible options to three:

• Renovate Adlai Stevenson and Holiday Park at a cost of about $12 million.

• Demolish Adlai Stevenson and build a new school on the site at a cost of between $17 million to $23 million.

• Renovate Adlai Stevenson, including an addition, at a cost of approximately $11 million.

All three options include renovations to Regency Park Elementary.

Board member Richard Zucco emphasized that the board needs more information before selecting an option.

“We have not made a decision on the projects,” Zucco said.

“We just decided that we are going to have to do something in 2013, and we should start having our financing ready for when a decision is made.”

Zucco said the district saved money by going forward now with financing options.

Board President Andrew Drake said the district's tentative plan called for starting the renovation or construction in June.

He said the construction schedule can be adjusted if the board needs more time to select a plan.

“We want to make the right decision,” Drake said.

Karen Zapf is a staff writer for Trib Total Media. She can be reached at 412-856-7400, ext. 8753, or kzapf@tribweb.com.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. Escaped inmate called armed, dangerous and homicide suspect by police
  2. Pirates DFA Vance Worley
  3. Starkey: Garoppolo baffles Steelers
  4. State Dems broke ties with political consultant days before FBI raids
  5. Beechview man sentenced to jail for fatal drunk driving crash
  6. Blue Jays land Price in Toronto’s 2nd big trade of week
  7. Arraignment scheduled for Penn Hills woman accused of transporting $1M worth of heroin along turnpike
  8. Worker injured when excavator backs over him in Kittanning
  9. Peduto blasts Wolf’s plan to borrow $3B to shore up pensions
  10. Pirates acquire pitcher Blanton from Royals for cash
  11. Tight ends’ role in Steelers passing game continues to lessen but players remain selfless