Cobb school system sees jump in construction prices
The bonanza of cheap construction prices has come to an end for big projects in Cobb County.
A county school official asked the school board Wednesday to end a financing program designed to take advantage of recessionary price drops. Last year, the board agreed to issue about $150 million in short-term construction notes through 2013 to expedite sales-tax-funded construction.
But Doug Shepard, who runs the Special Purpose Local Option Sales Tax construction program, is now counseling discontinuation of such borrowing because of a rise in construction pricing.
About the Author
Ty Tagami is a staff writer for The Atlanta Journal-Constitution. Since joining the newspaper in 2002, he has written about everything from hurricanes to homelessness. He has deep experience covering local government and education, and can often be found under the Gold Dome when lawmakers meet or in a school somewhere in the state.
