The school board approved $38.87 million in contracts that will pay much of the construction costs for the two K-4 facilities in Waverly. They will replace the existing Margeretta Carey, Southeast and West Cedar elementaries, reports The Waterloo-Cedar Falls Courier.
INVISION Architecture
The new elementaries had estimated price tags of $15.1 million to $17.1 million. Since then, supply chain issues have caused prices for materials to increase so that a combined estimate for the new elementary buildings is $44.33 million.
The district says it will use other sources of funding to cover the higher costs.
Officials expect the schools to be open in 2023.
Wicks Construction is the contractor INVISION Architecture is the architect.
