Financial Information

The construction cost is estimated at $265/sq.ft. (excluding the cost of simulation equipment and other technology).  Sources of funding include:

  • Leases by institutions
  • City support (land/parking/infrastructure)
  • Foundation / Corporate donations
  • Grants (national and state)
  • Potential State funds for equipment and possibly construction

 

PROJECT COSTS Total
Land Parking Infrastructure Equipment and Furnishings $12.6 million
Building Design and Construction $22.0 million
TOTAL PROJECT +/- $35 million*
*Simulation Center could run costs higher- depending on scope

 

FUNDING SOURCES Total
Benevolent Sources and Grants $10 – $15 million
City of Greensboro $3 – $4 million
Debt Service covered by lease payments from tenants $16-$22million
TOTAL PROJECT $35-$37 million