Budget

Development & Construction

Predevelopment $       140,173
Architectural & Engineering 360,000
Construction 5,143,086
Financing & Other Development Soft Costs 207,000
Challenger Simulator Purchase/Installation 925,000
FF&E (STEM) 1,150,000
FF&E (Challenger-office, transporter, lunchroom) 200,000
Developer’s Fee (2.3% 200,000
Pre-Opening Expense (CACLC) 120,000
Operating Loss Reserve 250,000
Contingency 300,000
TOTAL $ 8,995,259


 

Source of Funds

RACP $   1,365,000 Secured
RACP II 2,000,000 Secured
PDE-Line Item 500,000 Secured
Adult Education (ICTC) 600,000 Secured
Cash (from prio donations) 120,000 Secured
Federal Grants 1,250,000
Foundations/Corporate 1,500,000
In-Kind Contribution (Equipment) 225,000
ICTC Self-perform (Supervised) 35,259
Local Borrowing 1,400,000
TOTAL $   8,995,259

Goal: $9,000,000

Raised: $4,600,000

Pending: $3,000,000

Raised $4,600,000 towards the $8,995,259 target.