Voters approved a bond in 2020, putting $80 million toward the first phase of reconstructing Timpview.

Phase One of the construction involved demolishing and rebuilding portions of the gymnasium, rebuilding the dance studio, and upgrades to the athletic fields and sections of the parking lot.

The school district said the initial focus was rebuilding the main academic wing, as well as the dance and locker wing of the school, all areas that were said to have the biggest structural needs.

As construction work was underway, crews discovered other areas of the school that were in worse structural condition than district leaders thought, according to the Provo City School District’s website.

Those areas include the arts wing, the career and technical education wing, the administration wing and the cafeteria.

“Engineering and architectural experts advised PCSD to rebuild these remaining areas of the school ASAP,” district officials stated.

With that directive in mind, the Provo City School Board of Education announced during its Jan. 28 meeting an intent to issue $70 million in lease revenue bonds to fund the remainder of Timpview’s rebuild.

“We have parts of the building that are still not accessible to students who have disabilities. We need to get the rest of that building stabilized and safe and accessible to all students and so that it really is up to code and where it needs to be,” Superintendent Wendy Dau said Feb. 10 in a weekly community update on the district’s website.

Additionally, a portion of the $70 million will go toward initial design plans for the site where the old Dixon Middle School sits, though the district has yet to make a final call on what the future holds for that property.

The bond would have gradual impacts on property taxes for the next decade and beyond.

For instance, owners of a home costing around $350,000 in Provo will pay an average of $430.97 in 2025. In 2026, the tax obligation would rise to $450.01. And by 2028,  the same home would require $472.14 in property taxes.

Provo City School District officials said they are considering the option to do a lease revenue bond at this time because interest rates, which are normally higher than a general obligation bond, are at the same rate.

“The school and neighborhood have expressed a desire to keep the construction going and finish the project as soon as possible. Doing a lease revenue bond now will facilitate that,” the district said.

While lease revenue bonds do not require voter approval, the school board is allowing residents, community members and business owners to voice their concerns and learn how the tax implications will impact them.

The Provo City School Board of Education will hold its second of two public meetings regarding the matter Thursday in Dixon Middle School’s auditorium, located at 750 W. 200 North, starting at 6 p.m. The board will hold an official hearing and currently anticipates voting on approval of the lease revenue bond at its meeting Feb. 25.