Heritage H.S. Debt Service at $750,000 - WSET.com - ABC13

Heritage H.S. Debt Service at $750,000


Reporter: Mark Kelly l Videographer: Ira Quillen

Lynchburg, VA - It's looking like Lynchburg could have to borrow more money down the road in order to build a new Heritage High School.

The concern is the debt on Heritage High School, and how much money the city should stash aside to pay down that debt.

At first, city staff recommended setting aside a number north of a million dollars every year for several years. But this week, that recommendation got lowered to $750,000. City Council passed it, but not all council members liked the idea.

"The repercussions of setting aside less means you're not going to have as much when the time comes. And so you are likely going to have to borrow more," said H. Cary, Lynchburg City Council member.

The target date for a new or revamped Heritage High School is 2018.

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