Chemeketa to refinance bond
Chemeketa officials announced at a May 21 board meeting that they would realize a significant saving by refinancing the original debt at a lower rate. It would also enable them to pay off the bond a year early, they said.
The board also approved issuance of the final $14 million of the bond so the college can break ground on the final phase, construction of an applied tech building on its Salem main campus. Work is projected to start this summer and wrap up by the time school opens in the fall of 2015.