Affordability

  • PowerPoint Presentation (20 slides)
  • Video (topic starts at about 00:39:28)
  • Option 1: Renovation and Addition
    • Lowest direct cost
    • Higher annual maintenance costs
    • No land sale, no commercial/economic development
  • Option 2: Build New in Two Phases
    • Highest cost option
    • Pushes half of the cost out 8 years
    • Lowers financial risk
    • Allows first phase of commercial/economic development to occur prior to taking on full financial costs
    • Increases school operational difficulties
  • Option 3: Build New in One Phase
    • Delivers new school most rapidly
    • Highest "upfront" cost
    • Risk of land sale and economic development not occurring immediately

Three Options Financing Summary

*Annual Tax Yield at year 5 after completion of School Facilities. Not guaranteed. Chart does not include Operating Budget Costs of new facilities.
Option Cost (in millions)
 Completion Year
 Commercial/Economic Development
 Potential Sale/Lease Value (in millions)
 Annual Tax Yield* (in millions)
Renovation & Addition
 $65
 2021 No $0 $0
Build New in Two Phases

Phase 1

Phase 2

Total


$64

$83

$147


2021

2028


about 4 acres

about 2 acres

about 6 acres


$14-$18

$7-$9

$21-$27


$2 in 2026

$1 in 2033

$3
Build New in One Phase
 $117 2021 about 8-10 acres
 $30-$42 $4-$5 in 2026