Linsly School Issued $6 Million in Bonds; Launches Campaign - WTRF 7 News Sports Weather - Wheeling Steubenville

Linsly School Issued $6 Million in Bonds; Launches Campaign

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WHEELING -

The Ohio County Commission has agreed to issue $6 million in tax exempt bonds to the Linsly School.  The announcement was made at a meeting Tuesday night.

The school has also launched their biggest fundraising campaign yet. It's called "Forward and No Retreat" and it's launched ahead of a big milestone.

"We're at the front end of our 200th anniversary celebration," Linsly Headmaster, Mr. Chad Barnett. "We have a bond issue,which will allow us to cover the major expenses at the beginning of the capital campaign."

According to Ohio County Commissioner Tim McCormik, the commission is acting as a 'pass thru' agency, loaning the money from a bond sale. 

"We're going to have the Ohio County Commission issue the bonds under the West Virginia Industrial Development Act, which will then allow the bonds to be purchased, in this case, by United Bank," said Jim Companion, the Wheeling Attorney who wrote the Linsly's proposal for the bonds.

The plans are for some major upgrades to the school's facility in the next few years.

"Banes Hall will get a total renovation," Barnett said. "The library is going to turn from an old circulating style library to an information hub for the 21st century."

They'll also expand classroom space and bring in new cutting edge technology. Barnett said the campaign also focuses on recruiting the best and brightest faculty to educate their students.

Linsly is hoping to raise $10 million by 2014.

"We've raised nearly half of our 10 million dollar total," Barnett said. "That's a testament to those long time friends and supporters that have always been loyal to Linsly."

Moving forward, the school continues to work towards it's goal of balancing tradition and innovation.