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Slides show wide cost ranges and multiple phasing paths; committee to refine financing
Summary
The draft presentation included multiple departmental cost ranges and phasing approaches: options span lower-range builds through an "All In" package (examples shown in slides include roughly $52.3M–$55.9M and up to $64.8M–$69.2M), plus phasing approaches that could fund Company 3 first and stage Companies 1 and 4; the committee requested a third‑party estimate before finalizing a funding request.
The project presentation presented multiple cost and phasing scenarios and emphasized that square footage drives the estimate. The deck displayed department-level cost ranges under different option packages — for example, one department-level option was shown at approximately $52.3M–$55.9M while a larger "All In" option was listed in the slides as approximately $64.8M–$69.2M — and the architect cautioned that these are estimates that will change with phasing.
The architect outlined three phasing approaches and alternative funding sequences: (1) full project funding and concurrent construction, (2) fund Company 3 first and then Companies 1 and 4 together, and (3) fund design services first to advance designs and cost estimates while deferring construction funding. The deck also included an illustrative schedule (schematic design Aug 2025; Town Council presentation Spring 2026; bid and construction windows in 2026–2029 depending on phasing). Committee members asked for confirmation of anticipated funding approval month/year and the extent of any initial request (design-only versus full project).
