Bond sale clears way for Niles school construction

NILES — The Niles School District has sold nearly $18 million in bonds for construction of three new schools after earning the top rating from Standard and Poor’s, the international credit rating agency.

Treasurer Linda Molinaro announced during tonight’s board of education meeting that the agency gave the bonds its highest rating — AAA, which facilitated the sale. Last year, voters approved the bonds for construction of a new high school and two elementary schools.

“We will be looking to invest the money from the bond sale into separate packages,” Molinaro said. “Now we can go ahead with our construction plans.”

For the complete story, see Friday’s Vindicator and Vindy.com