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AC Valley board weighs refinancing bond options to pay for field and auditorium upgrades
Summary
Superintendent Dr. McDivitt presented bond‑refinancing options ranging roughly $2 million to $5 million to address long‑deferred facilities work — including the football field and auditorium — and trustees asked for preliminary cost estimates before any borrowing decision.
The Allegheny‑Clarion Valley School Board heard a presentation on refinancing the district's outstanding bond to raise money for facility projects, including the high school football field and the auditorium.
"This is budget neutral," Dr. McDivitt said of the refinancing proposals, describing annual payments roughly in line with the district's current $475,000 obligation while adding funds for projects. He outlined sample packages from the district's bondholder that ranged roughly…
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