NORTH LITTLE ROCK, Ark. (KTHV) - Phase One of rebuilding the entire North Little Rock School District is now underway along with the challenge of staying on budget.

The district held a public meeting Tuesday night to discuss their progress in what they called their Capital Improvement Plan. Monday night, board members approved project costs for Lakewood and Meadow Park Elementary Schools.

Superintendent Kelly Rodgers said both projects came in a little over bid price, so they are making small adjustments to stay on budget.

"We've gone back and what they call valued engineered, made similar products that were less costly, and it's going to help us move forward," explained Rodgers.

The entire project is set to cost an estimated $265 million, with some of those funds coming from a milage increase passed last year. Rodgers said bonds put out to market recently came in a little less than expected but value engineering is helping curb the cost.

The North Little Rock School District will downsize from 21 campuses to 13. The completion of all nine elementary schools is set for fall of 2014.

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