New School 5
The long awaited estimate on the proposed Loudon
County school building plan is in, and it's a whopper. There are four different projects proposed in the current building plan, total cost estimates, $115,000,000.00+. Of course, the largest project, by far, is the new North End middle/high school coming in at just above $94,000,000.00. For some perspective, back in 2010, the new Greenback school cost 19 million and the new Fort Loudon Middle School was 17 million. Guess prices have gone up a little? Funding the project will not be cheap. It would require, hopefully, no more than a 30 cent property tax increase to fund the debt on a twenty-five year loan. There will be much more information on the projects in the coming months. Below is a copy of the estimated cost on the projects.
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