Fri July 18, 2014
OPS looks to possible $682 million bond issue for facilities
OPS is looking at a $682 million bond issue for critical infrastructure work, upgrades, and new schools.
Board members discussed the facilities’ needs at a workshop Thursday morning. The recommended capital plan addresses three areas: fire, life, safety and technology; renovation and replacement of existing facilities; and increased capacity in areas of high growth.
The largest portion of that plan is the renovation and replacement of existing facilities, at nearly $381 million. $196 million would be spent on capacity in high growth areas, and $104 million dollars for the upgrades.
The plan calls for two new elementary schools, one new middle school, and two new high schools. Four of those five schools would be in south Omaha.
Board members will receive the plan at Monday’s OPS board meeting. To appear on the November ballot, it would need approval from the board by the end of August.