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T.J. Kremer III, Editor
11:44 am CDT October 18, 2018
Lincoln-Way Community High School District 210 in its most recent audit disclosed the appraised value of its closed Lincoln-Way North high school at $15.86 million, far below the original cost of $114 million. The land that the building sits on was appraised at $4.14 million.

Comments

It has no impact on the bonds because Lincoln-Way is not responsible for payment of debt service. The taxpayers are the responsible party. No matter how low the value of the school depreciates, the taxpayers, not LW210 are responsible. Think about that.

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