What will be the cost of building the new schools? Where is the money coming from?
The total project cost for the school in Upper Providence Township is expected to be approximately $65 million, which includes construction costs, contingencies, professional service fees, furniture, road construction, and financing during construction. It is too early to accurately project total construction costs for the Hilltown site as inflation will be a factor. However, costs savings will be realized for the Hilltown site as the Archdiocese is using the same architectural plan for both schools. Financing for the two new schools is expected to come from three major sources: 1) tax-exempt bonds; 2) an upcoming capital campaign and 3) revenue from the sale of old school buildings.
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