A nearly 50-percent increase in costs is projected for the proposed Danbury Career Academy. The City Council will get an update at their meeting tonight about events since $99 million in bonding was approved, which increased the costs of the project. The new estimate is $144.5 million.
Danbury plans to ask state lawmakers to amend the state legislation allowing for reimbursement for a higher project cost at the same 80-percent. That new estimate is $115.6 million. The original estimate was for a turn-key project, but the legislation was written so that it's a Public Works project with a different delivery method.
COVID-related construction impacts on labor and costs of materials, along with inflation, are driving up the price. Detailed educational specifications were approved by the Board of Education and new space needs and specialty curriculum requirements not previously included are adding to the cost of the proposal.
The City of Danbury is looking at a $19 million price tag to buy 3 pods at the former Matrix Center from SC Ridge for the proposed Danbury Career Academy. The City Council is being asked for a $190,000 deposit. Negotiations are still underway.
Despite the increase in costs, Mayor Dean Esposito says this is the most cost effective solution to taxpayers that will address Danbury's student enrollment growth, enhance property values and provide students with a unique opportunity combining classroom learning with hands-on career experience.
