Payment options mulled for Salem High School renovation
However, at a recent School Board meeting, Delahanty began outlining several options for how the district will go about paying for the project.
During the informal presentation to the board, Delahanty worked with a total budget for the project of $75 million, a baseline number the administration has used in the past. Delahanty did note that the $75 million is not a firm number and that there are a number of factors that will impact the final cost.
Potential options include bonding and phasing the project over three or four years, with the district bonding each individual phase.
“It’s not going to be done all at once. The length of the project will in no small part determine the costs.”
If the project is supported in March, Delahanty said the construction manager would then begin working on the detailed construction documents for the project.
Also factored into the project cost is the fact that there is state money available to help fund renovations for the school’s career and technical education program.
“The upside is that it spreads the costs out for the taxpayers and minimizes the burden the taxpayer will feel,” he said. On the other hand, Delahanty said there could be increased construction costs if the project is extended out too far.
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