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Lockport Township High School District 205 executes $15 million bond sale to fund Central maintenance
Summary
The district executed a $15,000,000 bond sale April 28 to fund essential maintenance (roof, walls, electrical) at Central over two summers; Mesirow Financial was the successful bidder and the superintendent said the district was satisfied with the interest rate.
Dr. Bob McBride, superintendent of Lockport Township High School District 205, said the district executed a $15,000,000 bond sale on Monday, April 28 at 10 a.m. to fund an essential maintenance plan at Central, covering roof, walls and the building electrical system.
"That bond sale was executed on Monday, April 28 at 10AM, and we alerted the board to that sale and Mesirow Financial was the successful bidder on our bonds," McBride said. He told the board the district plans a two‑summer project at Central and said the district was pleased with the interest rate secured.
The superintendent tied the maintenance plan to the outcome of a referendum last year, saying the community did not support a full renovation but that surveys show Central needs care. McBride characterized the current bond as funding essential maintenance rather than a full reconstruction. The district has not provided a more detailed construction timeline beyond the two‑summer plan or disclosed specific contract start dates in the meeting brief.
Next steps described by McBride are moving forward with the two‑summer work at Central. No vote tally or mover/second was recorded in the meeting brief; the superintendent characterized the sale as executed and named Mesirow Financial as the successful bidder.
