Sherburne Commons housing project evaluation set for September start date

In a recent meeting of the Finance Committee in Nantucket, discussions centered around significant housing projects and the financial strategies that will support them. The atmosphere was charged with anticipation as committee members reviewed plans for Sherburne Commons, a key housing initiative that aims to address local needs.

Lemieux, a prominent voice in the meeting, highlighted the importance of the additional funding allocated to Sherburne Commons, emphasizing the impact this will have on the community. "This is something that we really haven't used as the construction manager at risk," he noted, advocating for a more transparent approach to project financing. He pointed out that the current bids reflect real costs, which is a shift from past projects that often relied on estimates, leading to budget overruns.

The committee also discussed the timeline for the project, with plans to begin construction in September, contingent upon the completion of housing for current tenants at Sherburne Commons. This careful sequencing is crucial, as it ensures that the transition is smooth and minimizes disruption for residents.

John, another committee member, clarified that once the necessary votes are passed, a contract with the construction manager would be signed immediately. He reassured attendees that while visible construction might not start right away, preparatory work would commence almost immediately, setting the stage for a two-year timeline to complete the project.

As the meeting concluded, the committee members expressed a shared commitment to addressing the housing crisis in Nantucket. With a clear plan and a focus on real numbers, they are poised to make significant strides in providing much-needed housing solutions for the community. The discussions underscored a collective determination to navigate the complexities of construction and funding, ensuring that Nantucket's future remains bright and accessible for all its residents.