Groundbreaking for new Lake elementary set

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A groundbreaking ceremony to mark the start of construction on a new Lake elementary school building is scheduled for May 21 at 3 p.m.
The ceremony will be held at the parking lot adjacent to the construction site at 28080 Lemoyne Rd.
Voters approved a 6-mill bond issue in November 2021 that will raise $36 million over 37 years to fund the construction of the new school.
Repayment of the bond is being structured around existing debt incurred in 2000 for the district’s middle school. At present 3.3 mills are being collected to pay off the middle school debt that is scheduled to be retired in December 2024. With that debt being retired, property owners will realize a net increase of only 2.7 mills – an additional $94.50 in property taxes a year for the owner of a home with a market value of $100,000.
At the time the levy was on the ballot, the district administration estimated the district could save about $20 million over the life of the bond if interest rates remained at their current levels.
The current elementary building was constructed in 1960.
The new building will be constructed southwest of the current elementary school and is designed to house 53 classrooms for pre-K through the sixth grade – which is 25 more classrooms than the current school.
The new cafeteria can also be used for athletic contests and performances. Separate art and music rooms and a gym are planned.
The school board has retained The Collaborative, a Toledo firm, as architect for the project. The firm also designed Lake High School.
The general contractor is Rudolph Libbe Group.