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Council sends $37 million McKinley School bond authorization to public hearing
Summary
The Revere City Council introduced a $37 million bond authorization for McKinley School renovation and scheduled a public hearing for Jan. 26; city finance staff said $18–20 million in state grants are expected to offset the total cost and detailed contingency amounts.
Council President Zambuto opened discussion on a proposed bond authorization that would allow the city to sign a construction contract for renovations at McKinley School.
City finance official Rich told the council the $37,000,000 figure is the estimated gross amount needed for the project and that the city expects roughly $18–20 million in state grant reimbursements for the 911 call center portion…
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