Schools

Shire's About-Face Won't Disrupt GVSD Plans, Superintendent Says

The pharmaceutical company recently decided not to move into Great Valley School District.

Shire Pharmaceuticals' decision to cancel its move to Atwater in East Whiteland won't disrupt Great Valley School District's financial planning, according to superintendent Alan Lonoconus.

Before adopting a tax-neutral $80.7 million budget for the 2013-14 school year at its meeting Monday night, the Great Valley School Board listened to one final budget presentation from Lonoconus. 

He said the district's outlook is improving and recommended the zero-increase budget, despite Shire's decision to stay in Tredyffrin Township.

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"We didn't calculate that into our projections, because they really wouldn't have started any type of building until 2014. So, any type of revenues we would have seen would have been in 15-16 and 16-17 school years," Lonoconus said.

He went on to list other major projects that will bring revenue to the district in the immediate future, and even cited his own neighborhood as cause for optimism.

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"We still have the Vanguard expansion going on. O'Neill property, there, that's rolling along. Also, the King Street project that they're hoping to have finished by October of this year. So there's a lot of positive," Lonoconus said.

"Plus the home sales [are] picking up. In my neighborhood alone, there were about five different homes that were for sale that are now all under contract."


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