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Facilities director outlines $112.7M five‑year pipeline, Franklin modernization progress and ELOP‑funded projects
Summary
Director Brian Bane told the board the district currently has about $50.5M unencumbered and projects an additional $62M over five years (total ~$112.7M), described Franklin Phase 3 work now under construction, and discussed ELOP fund use for outdoor shelters, modernization and nighttime sports fields; trustees asked for a public dashboard and prioritized projects list.
Director of Facilities Brian Bane provided trustees a wide‑ranging facilities briefing that included current fund balances, a five‑year revenue projection, project updates and equity allocation logic.
Bane said the district has about $14 million budgeted for improvements currently, an unencumbered fund balance of roughly $50.5 million from recent bond receipts, and a conservative five‑year estimate of $62 million in additional revenue from state reimbursements, future bond sales and other sources,…
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