Thursday, October 16, 2008

Market Crisis May Put School Projects On Hold

Three South Hills school districts are in various stages of planning big projects -- a new or renovated high school in Mt. Lebanon; a new high school in Bethel Park; and renovations to two middle schools in Upper St. Clair.

The national mortgage and credit crisis, however, has each district re-examining the cost of issuing the bonds to finance the projects. And they hope the $700 billion government bailout helps to revive the municipal bond market.

Link: www.pittsburghlive.com/x/pittsburghtrib/search/s_593540.html

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