The start of a new school year is always energizing. This year, that excitement was amplified by a significant milestone here at Poudre School District.
In September, PSD sold $375 million in bonds, clearing the way for construction approved by voters in the November 2016 election. The sale of the bonds marks a huge step forward for PSD’s much-needed capital projects, which have been on hold for approximately two years as the result of litigation between PSD and a community member. These projects include the construction of three new schools and improvements to PSD’s existing buildings.
I am so happy to finally be able to fulfill the promises we made to voters two years ago, and I can’t thank our supportive community members enough for their patience during this long process. For many of us the delay has been frustrating, but as a District, we have tried to use the extra time to refine our plans and develop ways to hit the ground running as soon as we were cleared to sell the bonds.
As a result, we secured the full $375 million in bonds at one time rather than going out to bid twice, as we originally planned. This gives us the full funding we need to move ahead with multiple projects simultaneously, rather than in staggered intervals. We are working hard to open our new schools as quickly as reasonably possible.
Our next steps include finalizing land purchases, engaging with architects and going out to bid on construction projects. It will likely be about a year before construction begins.
I am so grateful for our community’s continued support for the past two years, and I can’t wait to see the next phase of this exciting process unfold.