What will the proposed school project cost?
- The estimate for construction and related costs for the project is $160 million.
- Interest expense on the $160 million of debt is estimated at an additional $117 million.
- Total cost of the project to Scarborough taxpayers over 34 years will be $277 million.
- This is by far the largest capital project the Town has ever undertaken - more than four times the cost of Wentworth, which was $34 million just 10 years ago.