Olentangy Local Schools might have to spend over $140 million in permanent improvements over the next 20 years, according to a report by the district’s business management department.
“We realized the cost would mirror the growth of the district,” Business Management Director Jeffrey Gordon said at a recent school board meeting.
The “Permanent Improvement Cost Projections 20 Year Analysis 2013-33” states that the total cost of permanent improvements over 20 years would be $110,714,362. Those improvements are in the following categories: Asphalt/concrete ($25,422,383); building furniture ($8,238,495); maintenance/custodial equipment and vehicles ($3,226,573); roof replacement ($18,880,344); building mechanical equipment ($15,116,850); buses ($19,741,440); athletic facilities ($4,583,500); flooring ($12,058,595); security ($2,350,000); miscellaneous ($1,096,181).
The costs were broken into two 10-year cycles and took into account the longevity of materials and equipment. Spaced out over the first 10 years, the cost of improvements would be $47,379,561; and $63,334,801 for years 11-20.
Factoring in inflation over the next 20 years, that $110,714,362 grows to $140,856,780.
“Historically, permanent improvements costs have been included in bond issues passed for the construction of new buildings,” Gordon said. “Now that we are not building new facilities, there is not a mechanism in place to fund the ongoing maintenance of the district.”
The district consists of 23 school buildings, two bus garages and various maintenance facilities covering about 1,000 acres with 2.8 million square feet of buildings.
“Over the last 20 years, the district has spent a great deal of time and energy building facilities to accommodate the growth in the district,” Gordon said. “Now the district will need to spend the same time and energy on maintaining current facilities while managing future growth.”
“The district is continuing to age,” noted board member Kevin O’Brien. Julie Wagner Feasel said the board has never received such an analysis before, while Dave King hailed the report as comprehensive and a great planning tool.