Bond Sold: Bennett Middle School Project Still On Track - 47 ABC - Delmarva's Choice

Bond Sold: Bennett Middle School Project Still On Track

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WICOMICO CO., Md. - It appears the opening date of the new Bennett Middle School is still on track thanks to a bond sale.

Wicomico County sold the $12.5 million bond to Bank of America, one of nine bidders. County executive Rick Pollitt says the school has been slated to open up in the fall of 2015.

"It was always done planned to be done in two parts," said Pollitt. "We can't actually finish the Bennett High School project and complete the athletic fields until the new middle school is built and the old one demolished and so it's very exciting that we are going to stay on track."

Another bonus for the county Pollitt tells WMDT is that the Wicomico's credit rating significantly increased this year. According to Pollitt, Moody's upgraded the county's rating to Aa2 and Standard & Poor's upgraded the county's general obligation bond two notches to AA+, which is just a single step from the highest rating of AAA.

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