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Operations update: Richland 2 pauses $24 million in projects, cites inflation and long-term capital needs
Summary
Chief of operations Will Anderson told the board that inflation has forced the district to pause roughly $24 million in bond projects and that long-term annual facility investment needs exceed current funding.
Will Anderson, chief of operations for Richland School District 2, told trustees on May 27 that inflation increased construction and materials costs and forced the district to pause a set of planned projects under the 2018 bond referendum.
Anderson said the district has roughly $774,000 remaining in bond funds under his management and that, after approved transfers, staff have identified $16,623,870.67 needed to complete projects that have finished design. "You can see under the bond projects, which is the…
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