New South Elementary construction
Iron School DistrictUtah- Detected
- Jun 1, 2025
- 513 days ago
- Sector
- Capital Projects
- Est. value
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THE 30-SECOND BRIEF
The district is planning a new South Elementary using the East/North school model with capacity for about 850 students. Enrollment will be rebalanced between East, New South, Iron Springs, and Three Peaks to relieve overcrowding and reduce reliance on portables and closet-based spaces.
The total estimated project cost is $40,000,000, with a multi-source financing plan including a $15,000,000 lease revenue bond. Design, engineering, construction, and furniture/technology contracts are not yet named, making this a large upcoming capital build. Vendors in K-12 facilities, construction management, architecture, and school FF&E/technology should engage early around programming, design standards, and phasing tied to the proposed funding mix.
Financing proposal references remaining bond funds, capital fund, debt service fund, general fund, and a 20-year lease revenue bond with estimated annual payment of $1,200,000.
From the meeting
- Meeting date
- June 1, 2025
- Agency
- Iron School District
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