Hunnewell Project: Costs and Funding

The Feasibility Study phase evaluated the construction costs of the options considered with two conceptual cost estimates provided by subconsultants to the Owner’s Project Manager and Architect. The Architect’s cost estimate for the new construction, recommended option is included as the basis of design in the conceptual Total Project Budget of $57.5 million. ​A summary and breakdown of the total project budget is provided below and breakdown of the total project budget can be found on this page and with this link

The Town of Wellesley and design team will continue to refine the project scope, design and project costs during the schematic design phase that will establish the final total project cost. Based on the Feasibility Study concept estimates, the preferred solution currently ranges $55 million and $58 million for all-new construction, including abatement, demolition and necessary site work. The Town will be setting its project budget at the conclusion of Design and Bidding phases. The approval of a Special Town Meeting vote will be required to fund the Design and Bidding phases of this project.  The approval of Town Meeting and a town-wide debt exclusion vote will be required to fund the full cost of this project. 

The SBC anticipates bring the funding request for the design and bidding to a fall 2019 Special Town Meeting. The proposed project budget for the design and bidding phases is $4,679,900. A detailed breakdown of this value can be seen extracted from the total $57.5M budget in the project budget link. There is a summary level cost table of the design phase budgets request for the next Town Meeting. 

The School Building Committee and consultants considered over 20 options for swing space and narrowed it down to the remaining feasible swing space options of Internal Swing Space which is the early option and a few late hunnewell Swing Space options that center around using one or both of the Hardy and Upham schools after that project is complete. The conceptual budgets for the “Early” and “Late” Hunnewell options are summarized in the Swing Space cost table. The Project Team provided supporting Swing Space Memorandum with explanations for the assumptions of the forecasted escalation and other cost considerations. The SBC anticipates concluding the swing space recommendation in October 2019.

Feasibility Project Budget: PBC Format 

© 2019 Town of Wellesley School Building Committee

525 Washington Street, Wellesley MA 02482