Indiana Department of Education Report Common School Loan Advancements July 2024
Steel City Academy Recommended for $9.75 Million Remodeling Loan
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Description
A $9.75 million construction loan is recommended for Steel City Academy to remodel the former Lincoln School in Gary, creating space for 650 students K-12. CDFI loan funds to supplement.
Contract Details
Contract Amount
$9,750,000.00
Vendor
STEEL CITY ACADEMY
Agency
Indiana Department of Education, IN
Contract Type
CONSTRUCTION
Document Date
July 1, 2024
Contract Term
Repayment schedule up to 5 years depending on loan size
Renewal Info
Repayment in accordance with Common School construction loan policies; up to 5 years as warranted by loan size.
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APPROVEDWilkinsburg Borough SD Agenda Finance Committee Meeting 2026-06-18
PENDINGgary_community_school_corporation_property_sales.pdf
AWARDEDMore from Indiana Department of Education
Indiana Department of Education Common School Loan Advancements Report May 2026
Indiana Department of Education Common School Loan Advancements Report May 2026
Indiana Department of Education Common School Loan Advancements Report May 2026
Indiana Department of Education Common School Loan Advancements Report May 2026
Indiana Department of Education Common School Loan Advancements Report May 2026
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