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Ida B. Wells modernization team reports value‑engineering savings; project within 1.5% of hard‑cost target
Summary
Staff reconciled estimates for the Ida B. Wells modernization, reported $5.6 million in cost savings and said value engineering reduced a $24.8 million overage to about $4 million (≈1.5% over the hard‑cost target); the project remains on track for a November board vote with unresolved community issues about the pool and farmers market.
District staff told the committee that reconciled cost estimates for the Ida B. Wells modernization show the project is within an attainable path to budget after recent value engineering.
Donna (last name not given), presenting for the project team, said two professional cost estimates — from the CMGC and an independent estimator — initially showed the project was about $24.8 million over a hard cost target of $345…
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