Carl Sandburg College is ready to go forward with what they’re calling the “most impactful project undertaken by the College since the primary construction of the Main Campus”, in the 1970s.
College Trustees voted Thursday on a resolution to issue $30 million in bonds to fund future capital projects.
The Board was told by Eric Anderson of investment bank Piper Sandler that historically low-interest rates, Sandburg’s limited amount of existing debt, and strong bond rating have put it in an advantageous financial position.
The bond resolution follows August’s Board meeting where trustees approved an update to the Campus Master Plan.
The plan is a roadmap for improvements and developments on Sandburg’s grounds in the coming years.
It includes projects that will begin over the next five years to some coming 10-plus years from now.
There are plans to build a new health and science facility to replace the three pods that makeup Building A, which was built in 1969 as part of the original campus.
The last new construction at Sandburg was the addition of Building H, which houses the College’s mortuary science program, in 2006.
