Beloit has the state’s highest unemployment rate at 12.5 percent, and property values in the Beloit School District averge $198,000 per student — one of the lowest ratios in the state.
But on Tuesday, voters in the southern Rock County school district approved one of the costliest referendums in state history.
The $70 million plan to renovate most schools in the district, build a middle school and a pool, is being called historic for the city. It will not only benefit education but, according to supporters, serve as a catalyst for economic development.
“From a marketing aspect, I shuddered every time I saw the figures. It’s a heck of a lot of money,” said Randy Upton, president of the Greater Beloit Chamber of Commerce, which publicly supported the plan. “By providing the facilities, it’s going to make people proud and make people look at Beloit as a place to live and invest.”
Beloit wasn’t alone Tuesday in its referendum success.