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Cape Girardeau board outlines $30 million bond projects and June bond sale timeline
Summary
Following voter approval of a roughly $30 million Proposition Tigers bond with about 73–74% support, the Cape Girardeau School District described immediate projects (bleachers, turf, tennis courts, playground surfacing, energy-saving work, and a middle-school drop-off redesign) and a June timeline to price and close the sale.
The Cape Girardeau Board of Education on May 4 celebrated voter approval of a roughly $30 million bond and outlined a schedule and list of near-term projects funded by the measure.
"Because of that support, we will be able to continue providing safe, modern, and innovative learning environments where our students can learn and grow," the superintendent said, thanking volunteers who led the Proposition Tigers campaign.
Board financial staff said the district expects to price the bonds on June 4 and to close and receive proceeds on June 18. The board’s finance presentation named an underwriter (Lorenzo Voy of Stifel) and bond counsel (Sean Flynn) and described the next steps: a parameters resolution in an upcoming meeting followed by pricing and closing in June.
Support services staff described projects the district expects to bid or begin planning immediately. Shorter-term or "low-hanging fruit" projects include new junior-high bleachers (installation estimated January 2027), auditorium seating replacement, tennis-court construction and resurfacing, middle-school turf and field work, playground surfacing upgrades, track resurfacing, and preliminary energy-savings work (LED lighting, building weatherization, and emergency generators and battery backups for building servers).
Officials said some larger projects will be staged for summer construction because they cannot be completed while schools are in session. Staff emphasized the district will use a construction manager-at-risk procurement to involve a contractor early in design for cost savings and scheduling.
The board also recognized members of the Proposition Tigers committee — John Spear, Rich Lynn and others — for campaign leadership that officials said produced the large margin of voter support.
What’s next: the board will consider a parameters resolution at a forthcoming meeting, price the bonds in early June and close mid‑June. Several specific projects will return to the board as motions for contract awards and scope approvals in the May and June meetings, district staff said.
