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VDA update: Cooper says state revolving fund will provide $5 million toward Eisenhower School match; DOD approvals remain
Summary
Cooper, providing the quarterly VDA update, said the state bill passed this session will provide $5,000,000 into a revolving fund to help the city meet a 20% local match for the Eisenhower School project.
Cooper, providing the quarterly VDA update, said the state bill passed this session will provide $5,000,000 into a revolving fund to help the city meet a 20% local match for the Eisenhower School project. "So we will receive 5,000,000, to assist with the 20% match," Cooper said.
Cooper said the 20% match for the school would be roughly $6,000,000 based on a $30,000,000 project estimate, and that the city has already accrued $750,000 from the Military Planning Commission and used $200,000 to purchase land southeast of the runway.…
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