2019 Capital Project
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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
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 ConstructionPhase 1 construction began in February 2020 and is scheduled to last through December 2021. Click on the images below to learn more about current or recently completed projects, and scroll further down the page to check out some of our construction videos! You can also visit our Phase 1 page to view descriptions and construction schedules for all key scope items included in this first phase, or check out our Future Phases page for a peek at what's coming.
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Construction Videos |
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