Lake Andes builds toward the future with school project

Posted on December 28, 2017

Paula Jensen
Post Author

Comments Off on Lake Andes builds toward the future with school project


During the Fall of 2017, ground was broken and construction began on additions and renovations to Andes Central schools in Lake Andes, SD. The multi-million dollar project is being funded in part by Dakota Resources through the US Department of Agriculture (USDA) Community Facilities Re-lending program. 

“Lake Andes has been working toward this for well over a decade,” explains Jay Headley, VP of Finance at Dakota Resources. “Their current schools were built in the 1950s and needed some serious overhauls. This will be a great community asset to Lake Andes and something that will benefit them for years to come.”  

Dakota Resources is one of a handful of Community Development Fund Institutions (CDFIs) in the nation to be named a partner in the program, and received a $10 million award in 2016. The funds are designed to help spur economic development opportunities and reduce rural poverty in South Dakota communities under 20,000 by improving essential community facilities. 

The school in Lake Andes is a great fit for the funding, and is the first project in South Dakota to benefit from Dakota Resources’ federal re-lending award. 

The Lake Andes School District will complete the project utilizing funds from its own reserves, along with financing from Dakota Resources and the Rural Electric Economic Development (REED) Fund, another USDA Community Facilities Re-lender. 

Plans for the completed project include adding 55,000 square feet of space to the high school, connecting the high school with the elementary school and renovating 24,000 square feet of space. New classrooms, restrooms, specialty rooms, administrative offices, a courtyard, two new gymnasiums and various other amenities are part of the building plans.  

Currently, the project is scheduled for completion for the start of the 2018-19 school year. 




Comments are closed.


Updates @ Dakota Resources

We grant permission to any development organization to repost and/or reuse any article contained in our blog for educational and marketing purposes.

 

STUDENTS PROMOTE THEIR HOMETOWN FROM NEW HEIGHTS

Story by Rural Schools Collaborative

In Kimball, South Dakota, students are helping their small town soar, thanks to a Rural Schools Collaborative Grants in...

Month Seven | Tripp partners with SDSU and Wellmark

Last July, Shawn and Bryan Bietz of Tripp attended the Dakota Resources RuralX event as a way to help find new resources and information...

First PREMIER Bank employee brings RuralX inspiration home

Last year First PREMIER Bank was a financial sponsor of RuralX17 in Aberdeen. As a sponsor, the bank invited Castlewood bank employees Breanna Beebe...