More busy work for DMC Construction I reckon. Another stadium and two more parking lots should take care of that.
The Pacific Grove Unified School District will receive $7.8 million in federal Qualified School Construction Bond tax credits, according to the state Department of Education.
These provide federal tax credits in lieu of interest to lenders who purchase bonds from the chosen schools. As part of the American Recovery and Reinvestment Act, the selected districts also have the option to receive a direct cash subsidy payment from the Treasury.