Bond issue an 'uphill battle' for Caruthersville
Saturday, March 17, 2007
CARUTHERSVILLE, Mo. -- A year and a day after the tornado ripped up their town, voters in Caruthersville will decide whether to approve a $4.5 million bond issue to help finance construction of a new high school. The building was insured by Great American Insurance Co., but the company hasn't agreed that the school is a total loss. The Federal Emergency Management Agency estimated repairs at $2.3 million, the insurance company has offered $1.8 million, but the district wants the estimated $7.5 million cost for constructing the new building.
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