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Select Board hears updated Neary school cost estimates; geothermal adds roughly $12 million to budget
Summary
Town officials told the Select Board the Neary (NHERI) school project will have reconciled cost estimates this week, and that a decision by the design team to use geothermal HVAC raises the projected construction cost by about $12 million compared with earlier estimates.
Select Board members were briefed on an accelerated schedule for the Neary (NHERI) school project and told the board that a reconciled second cost estimate will be available to town officials within days to support a May 10 special town meeting warrant.
Why it matters: the Neary project is proceeding through the Massachusetts School Building Authority (MSBA) review process. Town staff and the building committee must submit reconciled cost estimates and schematic-design materials to meet MSBA deadlines that will determine the town’s potential state grant share and the formal project approval timeline.
Key points from the update: staff said two independent cost estimates — one from the…
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