BCLUW refinances high school loan

The BCLUW School District is taking advantage of the current low interest rates to refinance a loan.

BCLUW Superintendent Ben Petty said the school board approved the refinancing of the five years of debt service remaining on the high school.

Petty said the school district will save $82,400 over the next five years by lowering its interest rate from 4 to 2 percent.

“I think it’s pretty common right now to refinance to take advantage of these rates,” Petty said.

As far as projects on the horizon, the school board was expected to meet at 7 a.m. Friday to discuss its options of replacing the bus garage and the potential for a new wrestling practice facility, Petty said.