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Financial Information regarding the South Portland High School Renovation & Construction Project. |
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Over the 20-year period of the Bond, the Total Average Home Impact would equal $5,181.07 or on average about $259.05 per year. (Please see the 20-year period as depicted on the chart below). |
For a more in depth analysis of the financial aspects of the project please download the attached PDF detailing information provided by Rob Coombs, City of South Portland Finance Director at the September 27th 2007 meeting of the Secondary School Facilties Committee.
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Fiscal Responsibility/Impact |
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How much will the Project Cost |
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Construction Cost: $46,238,947 |
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Total Project Cost: $55,641,426 |
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New Construction: 198,442sf |
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Renovation: 143,445sf (of which 68,900sf is minimal or no work). |
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Demolition: 67,750sf (North Annex, Library and Central Boiler Building) |
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Cost per Square Foot-Building and Site: $175.17 |
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What would be the tax impact on the average house in South Portland? |
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Based on current average South Portland home taxable value of $240,000. |
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Estimated household impact per week: |
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In year 2010 |
$2.27 / week or 1+ cup of coffee. |
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2011 |
$2.21 / week or 1+ cup of coffee. |
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2012 |
$5.51 / week or 3 cups of coffee. |
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2013 |
$6.00 / week or 3+ cups of coffee. |
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2014 |
$5.85 / week or 3+ cups of coffee |
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2015 |
$5.71 / week or 3+ cups of coffee |
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2016 |
Continues to decrease about $.15 / week for the next several 16 years. |
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What will it cost to heat the proposed school project? |
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The existing 208,000 square foot school consumes approximately 0.44 gallons of oil per square foot per year. This means approximately 92,000 gallons of oil per year is used. The school district spent $196,585 for fiscal year 2005/2006. This translates to $1.05 per square foot. |
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Heating cost per square foot will decrease through the utilization of improved heating technologies and improved building construction. |
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The proposed school will be approximately 300,000 square feet (combined new and existing building area) and will consume approximately 0.35 gallons of oil per square foot per year. This equates to 105,000 gallons of oil. Using the same average oil price that was paid in fiscal year 2005/2006, the proposed school will cost $225,000 per year to heat or $0.75 per square foot. |
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Some of the Unusual Issues with the Building and Site that contribute to the project cost: |
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Most buildings and systems are well past their normal lifespan |
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Original building, annex, library, and gym built on piles in deep clay, parking lot on clay and peat |
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Where there isn't clay there is ledge close to the surface |
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Annex has undersized structure and foundations, no lateral bracingm piles on very poor soils, uninsulated skin, no heat control and water leaks |
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$800,000 in asbestos removal in 1952 wing - floors, walls, ceilings, roof structure |
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Lots of groundwater draining 35 acres of land above HIghland Avenue under the school instead of into a City Storm drain, must be diverted, detained, and permitted. |
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Sharing site with Community Center and DEP sees them as the same owner so must be permitted together, Community Center was never permitted, will have to catch up for both school and City property |
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Lots of slope so creating flat areas for parking playfields and buildings |
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Site workable but tight |
