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Committee hears Our Island Home update; pro forma due, closure cost estimated at $3.2 million
Summary
The Capital Program Committee reviewed a project update on the proposed Our Island Home skilled‑nursing replacement, heard that an independent pro forma from CliftonLarsonAllen is due in February, and was told a closure if voters reject the project could cost roughly $3.2 million and take as little as 120 days.
The Capital Program Committee heard updates on the long‑running Our Island Home project, including a timeline for an independent pro forma and an estimated closure cost if the construction appropriation is not ultimately enacted.
Town staff told the committee that they contracted CliftonLarsonAllen to prepare a pro forma to model operating costs, revenues, debt service and sensitivity scenarios; staff said the firm has begun work and the committee should receive a detailed pro forma in February. A staff presentation also summarized the project’s history, noting prior design funding of $8,500,000 and that a $116,000,000 construction appropriation failed to win the two‑thirds vote at the 2025 annual town meeting but later passed a separate election.
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