Bond Facts

What is a bond referendum?
A bond referendum gives voters the opportunity to decide whether the county may use general obligation bonds to finance these projects. A general obligation bond is backed by the full faith, credit and taxing power of the county and is considered public debt. General obligation bonds carry lower interest rates than other bonds or financing methods.

What is the total tax rate impact for the Wake Tech bond?
If voters approve this bond, the property tax impact would be $11.50 per $100,000 of assessed property value. For example, a home valued at $300,000 would see a $34.50 annual tax increase.

The projects below are part of Wake Tech’s 2017-23 Capital Improvement Program.

Summary of Projects

Automotive & Collision Repair
Northern Wake Campus		 $35.5 million
  • 90,000 GSF building
  • Project includes 70,000 GSF of automotive/collision repair lab space and 20,000 GSF of classroom space
  • Programs: Automotive Systems Technology including diagnostics and repair of electrical/electronic systems, emissions, brakes, engine performance, steering, suspension, transmission, climate control, diesel fuel systems, alternative fuel systems, collision repair and general education classes.
Advanced Industries Building and Parking Deck
Southern Wake Campus		 $89.6 million
  • 70,000 GSF building
  • In addition to the building, this project includes a new 1,000 space parking deck and associated parking lot and roadway work.
  • Programs: Advanced Manufacturing, Mission Critical Operations, 3D Printing, Mechatronics, Machining, Mechanical Engineering, Civil Engineering, Geomatics, Architectural Design, Electronics Engineering, Welding
Health Sciences Building and Parking Deck
Northern Wake Campus		 $82.3 million
  • 70,000 GSF building
  • In addition to the building, this project includes the construction of an 850 space parking deck, extension of chilled water and heating water piping system and the extension of the northern loop road to Fox Road.
  • Programs:  Nursing, medical laboratory technology, medical assisting, radiography, pharmacy technology, emergency medical science, human services technology, phlebotomy, and surgical technology.
Simulation & Tactical Response Center
Public Safety Education Campus		 $45.7 million
  • 60,000 GSF building
  • In addition to the building, this project includes the construction of a 220 space parking lot.
  • Programs:  Basic Law Enforcement Training, corrections & detention, emergency medical technician, fire services, general instructor training, and law enforcement.
  • Features: a 4D Immersive Interior Training Lab with a 2-story street with a roof to simulate urban response to force-on-force situations and firearms training, multiple integrated laser engagement system (MILES) training equipment, a simunition room with movable walls for fire and rescue training, a 2 or 3 story repelling area, audiovisual recording capabilities of training exercises, indoor running track, weight lifting equipment, a computer crimes lab and an evidence gathering space.
Repair & Replacement Projects
College-wide		 $23.8 million
  • This includes HVAC equipment, HVAC controls upgrades, elevator repairs, building envelope upgrades, electrical systems, life safety equipment (fire alarms & sprinkler systems), restroom upgrades, minor capital equipment replacements, and building alterations.
Infrastructure Upgrades
College-wide		 $15.6 million
  • This includes security camera upgrades, addition of building access card readers, installation of cellular signal repeaters, mass notification system, exterior wayfinding signage upgrades, pedestrian and vehicular accessibility upgrades, road extensions on SWC and NWC, parking lot & roadways repaving, extension of the chilled & hot water distribution piping at NWC, and SWC & RTP Campuses land acquisition.
Parking Deck 1
RTP Campus		 $55.3 million
  • 1,200 space parking deck
Classroom Buildings 3 & 4
RTP Campus		 $1.3 million
  • Pre-planning funds for two 80,000 GSF buildings