In November 2018, San Benito residents voted and approved a $40 million school bond financing three new activity facilities for San Benito CISD.
On Wednesday night, the school district board of trustees held a meeting to discuss the progress of those plans.
“Our design, our schematic design is near as focused on performing arts, which is what they went out to the voters for…it’s right in line to what they went to voters for on that bond election in November,” said Project Manager, Joesph Palacios.
However, officials say since they have to stay within budget, the facilities won’t look identical to the market photo, but similar.
Palacios says the budget for the performing arts facility alone is roughly $5.5 million.
“It’s not finalized yet, there’s still final specs, final GMP package. But once it goes out to bid, we’re optimistic we’re going to be around that rate.”
According to the district’s 2018 bond ballot, residents voted in favor to ‘the construction of school buildings’. However, the ballot did not specify that contractors would design the facilities identical to the market presentation photo.
Out of the $40 million bond, the district has currently sold a little over $30 million in bonds.
According to Assistant Superintendent of Finance and Operations, Hilda Rendon, over the course of the next 30 years, the district will pay back $25,769,291 in interest. Currently, $9.5 million in authorized bonds have not been sold, but will be sold by early spring 2020.
Palacios expects to have the price on how much it will cost to build the performing arts center in about 30 days.