Lincolnwood Development News

Todd Hall Renovations Bond Sale Tabled for Further Review on Referendum Option

The Lincoln Wood School District 74 Board of Education discussed and ultimately voted to table a motion regarding the sale of working cash bonds for renovations at Todd Hall. The initial motion was to approve the sale of $5 million in bonds for renovations. This motion was made by Member Branis [cite: 233] and seconded by the Vice President [cite: 238]. Following extensive discussion and public comment regarding the potential displacement of CCDC, a new motion was made by Member Branis [cite: 490] to table the original motion and send it back to the Finance Committee for further investigation into a potential $12 million referendum bond. This motion was seconded by Vice President Futris [cite: 498] and passed with a roll call vote [cite: 525-532]. The Finance Committee's investigation will include exploring the feasibility and timeline of a referendum bond, considering the potential influx of students from the Lincoln Wood Town Center development, and the long-term financial implications for the district.