The Lake Travis ISD Board of Trustees approved a guaranteed maximum price (GMP) of $48,310,878 for the Cavalier Stadium renovation at Lake Travis High School, authorizing the superintendent to execute the GMP amendment with White Construction.

The project will renovate and expand the stadium complex to include a new women’s field house and larger game-day locker rooms so visiting teams will not need to enter girls’ locker rooms, additional seating capacity, upgraded concessions and restrooms, offices and team meeting spaces relocated from the Cavalier Activity Center, and other operational improvements. Pam presented the project scope and budget rationale and said the complex will support both athletics and fine arts programs.

Board members acknowledged the GMP is higher than the original bond estimate. One trustee said the district convened a bond advisory committee of staff and community members with construction and finance experience to review costs. Administrators said they identified savings in completed projects, used contingency funds and adjusted scope on other bond projects where possible so the district could keep the overall bond program intact.

Trustees emphasized the renovation will also allow the district to host outside events and generate revenue. “It will allow us to use our facility to generate revenue,” a trustee said, noting the improvements would enable the district to host larger community and playoff events that were previously not possible.

Motion and vote: a trustee moved to approve the GMP for CMR 23-18 with White Construction and authorize the superintendent to negotiate and execute the GMP amendment; the motion carried by board vote.

Next steps: construction will proceed under the GMP and district staff said they will continue coordinating drawings and budgets for the remaining bond projects to limit future cost overruns.