Tuesday, September 15, 2009

Mt. Lebanon School Board Considers $69 Million In Bonds

Discussion about renovations to Mt. Lebanon High School continued last night at the school board meeting, with members pondering if, and when, to issue $69 million worth of bonds to help fund the work.

School directors in June approved plans for a roughly $114 million project. Schematic designs for the renovations have been approved and an architect's update on the project is scheduled for next week.

Tim Frenz, the board's financial advisor, delivered a report last night that showed the current low interest rates make it financially advantageous for the district to issue the bonds soon.

Link: www.post-gazette.com/pg/09258/998146-100.stm

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