North Penn School District has started talks with financial advisor PFM – the same consulting firm tasked with the analysis and valuation of the Towamencin Township sewer system – to look into the possibility of borrowing to help fund the estimated $138 million to $175 million overhaul of North Penn High School, according to The Reporter.
The North Penn School Board heard an update this week on the ongoing high school master plan process. PFM, according to district Superintendent Dr. Curt Dietrich, is the consultant tasked with financial modeling. It has used PFM in the past for bond borrowings and refinancing.
According to the report, the master plan is looking at, among other things, the addition of a new wing to house ninth-grade students and take them out of Penndale, Pennbrook and Pennfield middle schools. The district is also investigating uses for the campus, which may or may not include the newly-acquired WNPV property, and looking into an entire renovation of the high school.
Dietrich told the board that the district has not borrowed in a couple years, and will be looking into that possibility, along with new Act 1 information, updated interest rate information, and borrowing timelines.
Read more on the borrowing talks here.
See also:
North Penn School Board Discusses Lack of Air Conditioning in Middle Schools
Editorial: Infrastructure Repairs at North Penn High School are Necessary
Editorial: It’s Time to Discuss a Ninth Grade Center at North Penn High School
North Penn Facilities Proposals Could Place School District in $515 Million Debt
North Penn Considering Grade Reconfiguration for School District
