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Bond sale frees money for stadium

The Central High School stadium project got a $417,000 push Thursday. Hernando County School Board members learned that they netted the money during the refinancing of a 1979 bond issue this week.

The money came from the sale of about $2.3-million in bonds; the board had authorized the sale of bonds for as much as $2.4-million.

Kevin M. Conitz of William R. Hough & Co., the bond underwriters, said the sale refunded money from the 1979 issue and also freed up extra money. The bonds had interest rates ranging from 3.75 percent to 6.5 percent and were sold in increments of $5,000.

In a special meeting Thursday, officials regulating the issue told the board that the sales freed $417,000, which had been earmarked for the Central High School stadium. Central, the county's newest high school, has a football team but no stadium.