~Cost

Acton-Boxborough has partnered with the Massachusetts State Building Authority (MSBA) to build a new twin school building to house the C.T Douglas Elementary School, Paul P Gates Elementary School, and the Carol Huebner Early Childhood Program. September 9, 2019 - We have updated our cost estimates based on our Total Project Budget that is being submitted to MSBA on September 11. Fall 2019 Cost Estimates (pending approval from MSBA):

Total Project Budget (voted 8/28/19)

$117,833,518

         Less Cost of Feasibility Study   $  1,300,000
 Remaining Final Project Costs**  $116,533,519
 MSBA Projected Reimbursement Rate  34.05%
 Estimated AB Share  $ 76,855,000
      Estimated Acton Share  $ 65.3M
           Estimated SF Acton Tax Impact  $450 - $600/ year
      Estimated Boxborough Share  $ 11.5M
           Estimated SF Boxborough Tax Impact  $300 - $450/ year

** The MSBA has set the reimbursement rate for the project at 49.7%, however not all project costs are eligible for reimbursement. The projected reimbursement is provided for informational purposes only and will be determined by MSBA at its October 30 Board Meeting. CLICK HERE for a detailed breakdown of project costs from the MSBA Form 3011 which includes information about eligible and ineligible costs. Previous High Level Estimated Project Costs (Fall 2018)

Current EARLY Estimated Cost: $120M - $130M

MSBA reimbursement 35%-45%: $40M - $60M  
Estimated AB Share: $70M - $80M  
Estimated Acton Share: $60M - $68M 
(Estimated Tax Impact - Single Family Home Property Tax Increase $650 - $850) 
Estimated Boxborough Share*: $10M - $12M 
(Estimated Tax Impact - Single Family Home Property Tax Impact $450 - $600)


 


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