Submitted by Ariana Fine on Wed, 09/02/2015 - 4:22pm
The California district is under investigation over how it handled a $37 million contract to build a middle school. The contract in question has been disputed by Fresno contractor who alleged that Fresno USD used the “leaseback” method to avoid the traditional competitive bid process and guarantee the project go to a specific construction company.
Submitted by Ariana Fine on Wed, 09/02/2015 - 4:15pm
Moore County Schools’ 10-year, 10-project master construction plan has more than doubled in cost since it was rolled out last year. Originally approved for $110 million, inflation costs within the construction industry have now driven the price to $237 million.
Submitted by Ariana Fine on Wed, 09/02/2015 - 3:31pm
The Terrebonne Parish School Board decided to use $7.7 million in proceeds from the BP oil spill settlement on future construction projects. The money can be used for both new construction and renovations.
Submitted by Ariana Fine on Wed, 08/26/2015 - 4:16pm
A late-blooming California bill aimed at protecting school construction contractors from financial losses if their “lease-leaseback” deals are voided by the courts appears to have died just a week after being introduced.
Submitted by Ariana Fine on Wed, 08/26/2015 - 4:10pm
In a bid to finance construction of new school facilities and to refund debts, the New Jersey Economic Development Authority offered $2.2 billion in bonds. The offering consisted of $1.75 billion of tax-exempt bonds and $442 million of federally taxable bonds.
Submitted by Ariana Fine on Wed, 08/26/2015 - 3:56pm
Overcrowded K12 schools in the Florida county have led to a $562 million plan that includes 16 new school facilities and comprehensive renovations in three others. The most expensive project, at $97.8 million, is a new high school that will hold a capacity of nearly 3,000 students.
Submitted by Ariana Fine on Thu, 08/20/2015 - 3:33am
Colorado’s successful experiment in marijuana legalization is bringing in millions of dollars of revenue per month while simultaneously benefiting schools and contributing to a drop in crime rates. A fifteen percent excise tax on wholesale marijuana sales is also only earmarked for school construction use.
Submitted by Ariana Fine on Thu, 08/20/2015 - 2:57am
With a consultant recommending the construction of at least seven new schools at a cost more than $320 million million over the next decade, the Sarasota County School Board will vet funding options for acquiring land and building new schools.
Submitted by Ariana Fine on Thu, 08/13/2015 - 2:32am
Currently, a dozen schools have, or will soon have, completed shelters in the Oklahoma district while another 23 sites are without shelters. The shelters will come in the form of additional classroom space, media centers, or facilities for athletics and fine arts.
Submitted by Ariana Fine on Thu, 08/13/2015 - 2:11am
Delays and problems have plagued Broward County school construction projects in recent months, raising concerns about whether the Florida district can effectively manage projects in the voter-approved $800 million bond.