Friday, August 17, 2012
D158 Finally Receives Promised $40 Million Grant
"The check came in the mail Friday," said Altmayer. "We called the bank to tell them we were bringing it right over," said Altmayer drily.
Superintendent John Burkey said administrators have spent all Summer discussing in broad-brush terms how to use the money since the CDB said it would finally make good on a 2003 promise to pay half the cost of the District's Square Barn Campus and Marlowe School. The District ended up issuing bonds for all of it when the grants never came through.
Burkey said about 2/3 of the new money will probably go toward retiring that debt but the other 1/3 will probably go toward expansion at Huntley High where enrollment's expected to increase 50 percent in the next five years. "We're preparing to report on that next month," he said.
In the pic: D158's Square Barn Campus, part of what last week's $39.4 million grant would have paid for in 2005.