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.
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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.
Some school board members questioned the prudency of issuing the bonds before finalizing the construction plans, but others argued the district should take advantage of the current interest rates, pointing out that the project will surely exceed the cost of the bonds.
The board will continue discussion of the bond issue at its meeting Monday.
