What is the cost breakdown for the new seminary and college project?
Total Budget and Cash Flows Item Breakdown (millions of dollars) Total (millions of dollars) Seminary Construction (includes soft costs) 38.98 College Construction (includes soft costs) 15.29 Subtotal 54.27 54.27 Lease, moving and other costs for Sherwood Park college site (Nov/08 to Oct/10) 1.19 Lease and other costs for temporary seminarians lodging (Aug/09 to Jul/10) 0.23 Subtotal 1.42 1.42 Financing costs 0.96 Administration, Fundraising 0.60 Subtotal 1.56 1.56 Total Costs $57.25 Sales Proceeds (Province of Alberta) $42.29 Cornerstone Campaign Goal $15.00 Construction costs include: construction materials and labour (72%), consultants (9%), site preparation (8%), furnishings and equipment (5%), contingency (4%), relocation and restoration of artifacts (1%) and neighbourhood improvements (1%).
