On May 21, 2019, ICSD voters authorized a $120 million, tax-neutral capital improvement bond to support the 2019 Capital Project. This district-wide, long-term facilities plan has been designed to enhance safety and security, upgrade teaching and learning spaces, and improve infrastructure at all ICSD schools. Construction of the capital project will be completed in multiple phases over the course of 10 years.

The ICSD will pay for the 2019 Capital Project using a combination of State building aid and debt retirement. Each year, the ICSD allocates 7% of its annual budget for debt service payments. As old loans are paid off, new loans for the 2019 Capital Project will be secured. This careful planning will minimize the impact on district taxpayers and result in no increase to the current 7% debt service allocation.

Asbestos Abatement

Completed Construction

Construction Videos

Current Construction

FAQs

Future Construction

Project Status Reports

Timeline to Date (6/21/23)

Updates Presented to the Board of Education