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Thanks for your feedback, Thecaptain. I appreciate having a discussion with someone who's more experienced in a topic than I may be.

If I'm understanding the formula correctly, let's say we're going to replace Drum Rock.

There are 197 students there, so 197 x 200 x 350 = $13,790,000. So, for the $85M bond, Warwick could replace eight or nine similar-sized schools, give or take, if the state reimbursement is factored in.

A multi-phase replacement plan may work, where the city does several rounds of bonds to build new schools over a number of years -- with the caveat being the state has to continue to provide the reimbursement funds. The plan would also have to include replacing all of the schools to avoid a situation where new schools are being built at the detriment of maintaining existing buildings.

The ultimate question is, how practical is that for Warwick? I mean that in a couple of respects: Financially, can the city take on that kind of debt, and politically, will the people support it?