Nantucket officials outline $105 million estimate, tax impact for Our Island Home replacement

Town Manager Libby Gibson and Finance Director Brian Turbot told the Advisory Committee of Non‑Voting Taxpayers on Feb. 15 that the town’s proposed replacement of the Our Island Home skilled‑nursing facility at the Sherburne Commons site now carries an estimated construction price of $105,000,000 and would be funded via a debt exclusion subject to town meeting authorization and a subsequent ballot vote.

Why it matters: Gibson and Turbot described the project as the largest capital undertaking the town has proposed. If approved by voters and permanently borrowed on the assumed schedule, debt service for the facility would add materially to the general‑fund contribution toward the nursing facility and to the town’s overall debt profile, producing measurable tax‑rate impacts for property owners.

Gibson summarized the project history and procurement steps that led to the current estimate. She said voters earlier approved design funding and that the construction manager‑at‑risk delivery method is in use: "The construction manager is contracted to deliver the project at a guaranteed maximum price based on an agreed upon set of construction documents and…