I hear PPS is financing this bond so as to keep the property tax rate impact down to an almost manageable level.  PPS seems to have taken my advice, and stretched the bond term out so as to mitigate the property tax rate hit.
                                                                                       
This said, I still think PPS should split off its high schools, particularly Benson, into more a community college campus joint venture.  Note the seeming success of having done so with Jefferson Hi, with the PPS and PCC collaboration.  Note, also, building the light commercial buildings of community colleges is less expensive than remodeling the existing brick and mortar high school antiques.  I would advocate folks think about giving up some of their nostalgia for the old high schools.  (I lived quite awhile near Cleveland High School, and to me, the building doesn't strike me as being particularly worth saving.)