he school construction project will cost at least $50 million more than the $385 million approved by voters in 2022, due to increased construction and labor expenses, project officials said. According to updated estimates provided by Mike Faenz, the city’s owner’s representative from Construction Solutions, Inc., the cost of the four new elementary schools now total $310.8 million. Adding the final two projects ― the $99 million overhaul of the Teachers’ Memorial Global Studies Middle School and a $25 million renovation to Samuel Huntington School as the new central office and adult education building ― increases the total to $434.9 million. Inflation and widespread construction cost increases have spiraled beyond expectations for the John M. Moriarty and Uncas schools as well, far exceeding the 8% escalation factor in the original budget.
https://www.theday.com/local-news/20240627/norwich-new-schools-project-50-million-over-budget/