Wise officials choose sites for new high schools

[VHSLhelper]

Bond-Child ... is that near Tacoma, or is their another old drive-in that I don't know about?

[NotSoSilentBob]

According to Mr. Bob Adkins in the Kingsport paper for each million borrowed will result in the county paying back a million and a half.

I would love to see the math behind that figure. 50% interest? That is quite laughable.

[pvfan]

I want somebody to show me what the average increase in property taxes were by town. I think it might put an end to some of this the people of Appy will pay to, they will, but I wager the property taxes in Wise and Big Stone Gap went up more than those in Appalachia and Pound.

[simple man]

I want somebody to show me what the average increase in property taxes were by town. I think it might put an end to some of this the people of Appy will pay to, they will, but I wager the property taxes in Wise and Big Stone Gap went up more than those in Appalachia and Pound.

Doesn't the county raise all of them the same? And then you have folks that don't own propertry to pay tax on. But I figured it would be BSG and Wise that bailed the rest of the county out.

[Counts]

I would love to see the math behind that figure. 50% interest? That is quite laughable.

Probably talking Compound intrest on a lower rate and he is probably right about the total be 150% of the princapal

[simple man]

Probably talking Compound intrest on a lower rate and he is probably right about the total be 150% of the princapal

I bet you are right..and the real whining and crying are about to start.

[pvfan]

Doesn't the county raise all of them the same? And then you have folks that don't own propertry to pay tax on. But I figured it would be BSG and Wise that bailed the rest of the county out.

County does but you pay like 0.57 on each $100 my argument is that the average property values are higher in the communities of BSG and Wise compared to Appy and Pound. Thus, these two communities would provide more of the property tax dollars the county gets to use.

[VHSLhelper]

I would love to see the math behind that figure. 50% interest? That is quite laughable.

Here ya go .....

Using the calculator at Loan Calculator ...

Borrowing 100M for 20 years at 4% produces a monthly payment of $605,980.33. That's $7,271,764 per year. So the 20 year total is ...
$145,435,280, or 45%.


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On a semi-related matter, here's a cost update.

The new Mingo Central HS, which will consolidate Matewan, Gilbert,
Williamson & Burch in 2 years, just broke ground. It'll be 173,000 square feet and have about 65 classrooms, which includes a new Career Center. Bids totalled $35 million.

$35M Mingo Central High technically under construction

[smarty]

Bond-Child ... is that near Tacoma, or is their another old drive-in that I don't know about?

Zack and I were wondering the same thing.... the only drive-in I know of in Coeburn is the one located near Tacoma. I don't see there being that much land there to build all the facilities...maybe someone can clarify?

[Biggin]

of course the appy people are gonna be babies over this, just because the school is in big stone.

it doesnt matter that the school will be easily accesible from the highways and other locale's, and the school will be great and nice and HELP THE KIDS, it doesnt matter.

it blows my mind;
PV people, Wise people arent all upset about this, and we have more legacy than Appalachia or pound or SP.

The PV people are losing just as much as the Appy people; the school is not gonna be named PV, its gonna be Wise Co somethin

and if appalachia was a practical location for the new school, i would be all for it; but its simply not practical, and the appy citizens who cant see this, i hope you eventually see the light.

im young, i live in the co, I, ME, MYSELF is gonna be footing most of the bill for this, not you old people who will die before its paid off.