Friday, July 14, 2000
Withrow may owe fix-up to alumni
Contribution would allow $5M funding
By Andrea Tortora
The Cincinnati Enquirer
Money raised by the alumni association at Withrow High School may enable the district to complete $5 million in renovations at the school.
Cincinnati Public Schools district will apply for federal Qualified Zone Academy Bonds or the equivalent of interest-free loans to install new windows and make other improvements to the building, said Kent Cashell, the district's business executive.
Mr. Cashell presented plans to Cincinnati Public Schools' finance committee Thursday. He will present a resolution to the full board July 24.
We recognize fully that this is a first step, Mr. Cashell said.
A recent facilities study found Withrow needs more than $28 million in renovations. The alumni association's plans for an activity center would not be part of this project.
School districts can apply for the federal funds for projects at individual schools, but there are requirements:
Schools must be in an empowerment zone or have at least 35 percent of students eligible for free and reduced lunch.
ăSchools must also have a partnership with a business that makes a contribution worth 10 percent of the bond proceeds.
ăProceeds from the bonds cannot be used for new construction.
Withrow's alumni association has raised $500,000, which will be used as the 10 percent contribution.
The bonds are designed to strengthen schools serving large concentrations of low-income families. The federal government subsidizes the 15-year bonds with tax credits.
Created when Congress passed the Taxpayer Relief Act of 1997, Qualified Zone Academy bonds are like no-interest loans. For every $100,000 borrowed with no interest, the district gets $1 million in bonding potential.
Truck jumps barrier; wreck blocks I-275
$6.5M trade of buildings sought
Museum Center hoping to expand
Church hopes school helps neighborhood rise
$2.6M raised for new arts campus
Education chief calls Parham model school
Reading as they never did before
Stadium changes set for Aug. 1
Lab report frees murder suspect
Report: Life is good for U.S. kids
Tristate statistics compared to the U.S.
Accused child molester takes his life in Minn.
Armed robbers invade Newport home
Break-ins may be linked to serial rapist
No suspects, no leads in killing
Put games at tracks, Ohio told
Withrow may owe fix-up to alumni
Allowance can pay dividends
GET TO IT
KIESEWETTER: 'Freaks' too pricey for cable
Pig Parade: Jiggin' Piggy
Ukrainians find their dream home
Who should be cast away?
Assault suspect out on bond
Butler Co. tent jail unfurled again
Butler seeks plan to lure tech firms
Charge lessened in beating, death
Chief wants to reach out
City unit expects to take hit in golf fees during air show
Court gives kids access to new world
Dayton's oldest hospital closing
Facility for teens won't be at site
Fliers faze few in village
Kentucky museum shows firearms as works of art
Lawyer disputes 'harassing' calls
Lebanon earns praise in survey
Neglected teen sent to prison
Parents of school shooter dismissed as defendants
Park to be named for couple
State holds off on monument
Swimming meet tests new pool
Toyota warehouse could boost economy
Tristate A.M. Report
Unpopular park road approved