ISD 196 bond update: $538 million program shows progress; many projects open or underway
Summary
Director of finance Christopher Robshaw told the board the district began with a $538 million bond budget, has issued $400 million so far, expended $350 million and expects to issue the remaining $138 million in early 2027. He highlighted completed projects and construction milestones, with certain sites targeted for April or fall 2027 completions.
Christopher Robshaw, the district’s director of finance and operations, briefed the board on the Building Our Future bond program on Sept. 28, laying out budget, issuance and construction progress. "As a reminder, we began with a total bond budget of $538,000,000. We have issued $400,000,000 in bonds and anticipate issuing the final $138,000,000 early in 2027," Robshaw said, adding that the district had expended $350,000,000 and earned $33,000,000 in interest on bond proceeds.
Robshaw said 25 projects are complete and 74% of projects are at various stages of completion, calling out the new Eastview High School activity center and major renovations at Scott Highlands Middle School and multiple restroom and security upgrades across the district. He highlighted Rosemount High School progress — new classroom addition, media center work, and a poured pedestrian walkway that will connect the activity center and main building — and said some projects aim for spring 2027 completion and student occupancy in fall 2027.
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