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Committee approves up to $25 million in revenue bonds for Field School renovations
Summary
The Council committee approved a report backing up to $25 million in District revenue bonds to Field School, Inc. for construction and renovation at the Fox Hall Road campus, including a new 15,000 sq. ft. innovation center and athletic-field and parking improvements.
The Council’s Committee on Business and Economic Development approved a draft report recommending up to $25,000,000 in District of Columbia revenue bonds to Field School, Inc. to finance construction and renovation at the school’s Fox Hall Road campus.
Chair Kenyon McDuffie summarized the planned project, saying the bonds would support a new 15,000-square-foot innovation center, updates to the Wonder Building, construction and improvements to athletic fields and parking, and payment of eligible issuance costs. "The measure authorizes the issuance, sale, and delivery of up to $25,000,000 in District Of Columbia revenue bonds to the Field School, Inc.," McDuffie said during the meeting.
McDuffie moved the draft committee report "in print with leave for staff to make technical, editorial, and conforming changes." Members voiced approval and the chair declared the measure approved by the committee. The committee did not record a second; staff were directed to finalize technical edits before the report is posted to the record.
