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Board hears update on York Learning Center options and possible financing through authority; interest rates noted
Summary
The board received an update that the York Learning Center options include refresh, partial demolition/rebuild or full rebuild; the authority would likely borrow to finance a project and IU rental agreements would back debt — staff noted borrowing rates in the high 4% range.
West York Area School District directors received an update about planning options and financing considerations for the York Learning Center. Authority and IU representatives presented three design/option levels: a refresh of existing spaces, a partial demolition with partial rebuild (retaining some gym and health-center spaces), or a full demolition with a new…
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