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updated: 12/17/2017 1:18 PM

District 25 borrowing $8 million for Greenbrier add-on, upgrades

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  • A two-story, 8,280-square-foot addition is planned on the southwest side of Greenbrier Elementary School at 2330 N. Verde Drive. The school board approved a borrowing plan to help pay for the $6.4 million project.

    A two-story, 8,280-square-foot addition is planned on the southwest side of Greenbrier Elementary School at 2330 N. Verde Drive. The school board approved a borrowing plan to help pay for the $6.4 million project.
    Sketch Courtesy of Village of Arlington Heights

 
Daily Herald report

Arlington Heights Elementary District 25 plans to borrow $8.15 million next year to help fund a building addition at Greenbrier Elementary and various districtwide life safety upgrades.

The sale of working cash bonds, approved last week by the school board, is part of the $40 million of bonds for district capital projects that officials began discussing last year. But they had the capacity to sell only $31.85 million in February 2017.

In total, the district has sold $58 million in bonds since 2015 that has funded 30 new classrooms, built 24,000 square feet of gym space, expanded the commons in buildings, added new band/music rooms and new office/meeting spaces across five schools: Ivy Hill, Olive-Mary Stitt, Windsor and Greenbrier elementary schools and Thomas Middle School.

The owner of a $300,000 home will pay an extra $187 a year through 2032 for all the bonds for the upgrades, officials say.