Independent School District #284 – Wayzata Public Schools Community Taskforce on Facilities Draft: May 1, 2013 COST ANALYSIS: FIRST COST (CONSTRUCTION) Budget Concepts: New High School is 36,000 SF larger than the High School addition for this comparison. Per MDE Guidelines a 900 student HS average is 205 SF/St. 1300 student HS average is 190 SF/ST (not including theatres). New building construction cost bid 2014 - $195/SF (assumption). Addition square footage cost is often a bit more expensive than new building (current assumption 22% more at $237.9/ SF ave) New buildings project costs are often higher than additions due to city development/infrastructure costs and fees (multiplier 1.3 vs. 1.25). Option A: High School Addition 900 Students x 165 SF/Student = 148,500 SF Building Construction
148,500 SF x $ 238/SF $ 35.343 mil x 1.25 $ 44.178 mil
(Bid 2014) Construction Cost Project Cost
Site development of 37 additional acres plus redevelopment of 17-22 existing acres (site changes: roads, fields) $ 6.45 mil $ 7.4 mil Additional site purchase: 37 acres Total project cost: $ 58.028 mil Option B1: A Second High School (900 Students) 900 Students x 205 SF/Student = 184,500 SF Building Construction
184,500 SF x $ 195 $ 35.977 mil x 1.3 $ 46.770 mil
(Bid 2014) Construction Cost Project Cost
Incl. New site development of 44-49 acres $ 10.0 mil New site purchase 44-49 acres (useable) Total project cost $ 56.77 mil Option B2: A Second High School (1,300 Students) 1,300 Student x 190 SF/Student = 247,000 SF $ 62.615 mil 247,000 Sqft. x $195 x 1.3 Incl. New site development 47-59 acres $ 10.7 mil New site purchase 47-52 acres (useable) Total project cost $ 73.315 mil Summary: Housing 900 students whether in an addition to your High School or a second High School, will be very similar in first cost. The actual proposed High School addition differs from “Option A” above as it includes some additional needs beyond only student capacity. (Examples: Community Gym Space, 2nd Auditorium, Gymnastics Gym etc.) total potential square footage = 192,226 SF, project cost with land $66.17 mil. KL/ISD_284/102131/community taskforce/cost_analysis
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Commission No. 102131