2019 Capital Project

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.

Construction

Current Phase: Phase 1

Phase 1 construction began in March 2020 and is scheduled to last through December 2021. Click on the images below to learn more about current construction work, or scroll further down to check out some of our 2019 Capital Project construction videos! You can also view descriptions and construction schedules for all Phase 1 key scope items here. 

Pool/Natatorium IHS Welcome Center Moresco Stadium IHS Courtyard IHS J Building Transportation Lot

2019 Capital Project Construction Videos

 

Future Phases

The IHS Roofing Phase will overlap Phase 1 and Phase 2 of the capital project. Construction of the roofing phase, which is currently in the design development stage, is scheduled to begin in December 2020. Phase 2, which is currently in the schematic design development stage, is scheduled to begin construction in April 2022.

For more information about these and other future phases of the capital project, click here.