The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

Ironwood to consider refinancing bonds

 

April 16, 2019



By RICHARD JENKINS

rjenkins@yourdailyglobe.com

IRONWOOD — Ironwood Area Schools may soon be paying less on some of its bonds as the district’s board of education approved a resolution explore refinancing its older bonds Monday.

The measure would be for two of the district’s bond measures — a $1,655,000 measure from 2002 and a $1.4 million measure from 2009 — and is designed to save the district money by getting a lower rate.

Superintendent Travis Powell said the district would only proceed with refinancing the bonds if it was determined the savings would be more than the costs to...



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