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2019 Capital Project

 
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FUTURE WORK
 
  

On May 21, 2019, ICSD voters authorized a $120 million, tax-neutral capital improvement bond to support the 2019 Capital Project. This district-wide, long-term facilities plan has been designed to enhance safety and security, upgrade teaching and learning spaces, and improve infrastructure at all ICSD schools. Construction of the capital project will be completed in multiple phases over the course of 12 years.

 

Financing

capital project financing pie chart

The ICSD will pay for the 2019 Capital Project using a combination of State Building Aid and debt retirement.

Each year, the ICSD allocates 7% of its annual budget for debt service payments. As old loans are paid off, new loans for the 2019 Capital Project will be secured. This careful planning will minimize the impact on district taxpayers and result in no increase to the current 7% debt service allocation.

 

Current Construction

Phase 1 and the IHS Roofing Phase of the 2019 Capital Project are currently in the construction stage. Phase 1 work is scheduled to last through December 2021 and the IHS Roofing Phase is scheduled for summer 2021 and summer 2022. 

Click on the images below (or visit our Current Construction page) to learn more about ongoing or recently completed projects, or visit our Future Construction page for a peek at what's coming!

baseball field construction web button
Baseball Field
IHS roof button
IHS Roof
York Hall construction web button
York Hall
pool construction web button
Pool
Elementary entrance upgrades button
Elem. Entrances
J building web button
IHS J Bldg √
Moresco Stadium construction web button
Moresco Stadium √
IHS welcome center web button
IHS Welcome Ctr √
South Hill roof replacement button
South Hill Roof √
Caroline septic construction web button
Caroline Septic √
transportation lot web button
Transportation Lot √
 

Construction Videos

 
2019 Capital Project logo
We'd love to hear from you!

Capital project updates and discussions often occur during Board of Education Facilities Committee work sessions, all of which are open to the public. To view upcoming work sessions, click here. For agendas and minutes, visit BoardDocs

You can also always send us your questions and comments using the Let's Talk! portal.