1. dailynews

Detroit school leader may seek $700 million in additional bond authority

Feb. 25, 2010
Voters approved a $500 million construction just a few months ago
FromThe Detroit News: Only months after winning voter approval for $500.5 million in improvement bonds, Detroit school district Emergency Financial Manager Robert Bobb says he plans to seek $700 million more. At a meeting with contractors who hope to win a slice of the work under the bond program, Bobb said he hoped Detroit voters "will give serious thought to approving $700 million" in additional bonds for more work. ALSO...from The Detroit Free Press: If local unions agree, Detroit residents would be hired first for jobs as part of the $500.5 million bond issue to build and remodel schools. District officials say the bond projects are expected to create 11,000 jobs.

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