Toronto’s public board has a $395-million plan to build two brand new schools, upgrade science labs, make more buildings barrier-free and improve water quality over the next five years.

“This is the first time in my 10 years on the board that I’ve seen this kind of comprehensive capital strategy,” said trustee Bruce Davis, who is chair of the Toronto District School Board.

The money will also allow the board to eliminate its capital deficit, which is about $61 million.

Apart from about $20 million in provincial funding, most of the money comes from selling off unused buildings and land.

“This is virtually all self-funded,” added Davis. “The board is, in effect, financing its own development.”

It will also spend millions to renovate schools that will be taking in students from schools that close. As many as nine schools could be approved for closing at Wednesday’s meeting.