Los Angeles Unified school construction program (2000s)
Los Angeles voters approved a series of bonds to build and renovate hundreds of schools. The program became one of the largest school construction efforts in US history.
Hundreds of new schools opened, but the program ran over budget and behind schedule across multiple bond cycles.
The program became a cautionary example of how voter-approved construction funds can expand in cost as projects multiply.
Shows the central risk in Holt's program: approved bond amounts are set before contractors bid, and cost escalation eats into the work voters thought they funded.
