Phase One

The first issuance of Revenue Bonds by DMPS was in the amount of $70,000,000 and approved by the School Board in March 2010. The district borrowed this amount at a true interest cost of 4.21%.

The following school projects, all of which are completed, used these bond proceeds as follows:

  • Brody Middle School – Student drop-off.
  • Central Campus 鈥 East end of 1st聽and 2nd聽floors, including a new home for the Downtown School, as well as a skywalk connector to Central Academy.
  • Cowles Elementary School – Student drop-off.
  • Howe Elementary School – Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.聽
  • Mitchell Education Center – Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.
  • Madison Elementary School – Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.
  • McCombs Middle School – Student drop-off.
  • North High School – Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.聽 Elevator.
  • Park Elementary School (main building)- Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.
  • Studebaker Elementary School – Student drop-off
  • Wright Elementary School – Window and door replacement, mechanical/electrical upgrade, asbestos abatement, data and communications upgrade, security and technology upgrades.