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Cherry Creek details $950 million bond projects, enrollment decline and operations challenges
Summary
CFO/COO Scott Smith updated the board on construction projects funded by a $950 million bond, enrollment trends, nutrition services scale and transportation issues including electric-bus limitations and GPS routing.
Chief financial and operations officers gave a 30-minute operations update on bond-funded construction, enrollment trends, nutrition services and transportation at the Feb. 10 board meeting.
Scott Smith told the board voters approved a $950,000,000 bond last fall and the district has already started work on multiple projects, including doubling the Cherry Creek Innovation Campus (CCIC), building an eight-lane pool at Overland, rebuilding Laredo Middle School (about 50,000 square feet), and replacing the West Building at Cherry Creek High School. He said CCIC is coming in slightly under budget while projects such as Overland are tracking higher and will rely on contingency and savings elsewhere.
Smith provided cost context: recent elementary projects cost roughly $28,000,000 (Altitude Elementary) and $35,000,000 (Woodland). Construction cost estimates…
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