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ELF Financing Strategy
<br /> San Mateo County ELF Study‐2016
<br />February 21, 2017
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<br />Prepared by Brion Economics Team Final Report 34
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<br />Table A‐5
<br />Detailed Sample New Construction Child Care Center Project Cost Estimates
<br />San Mateo Countywide ELF Study ‐ 2016
<br />No. Type Program Year
<br />2016
<br />Inflation %
<br />Construction
<br />Type
<br />Facility
<br />Budget
<br />including
<br />FF&E
<br />2016 Adj.
<br />Budget
<br />Total Sqft
<br />of Bldg.
<br />Space
<br /># of
<br />Children
<br />or Spaces
<br />Sqft of Bldg.
<br />Space per
<br />Child
<br />Adj. Base
<br />Tenant
<br />Improvements
<br />per sqft (1)
<br />Permit
<br />Required
<br />Studies
<br />Included
<br />FF&E %
<br />Total Cost
<br />per Bldg.
<br />Sqft
<br />Total Cost
<br />per Child
<br />Care Space
<br />1
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 2%
<br />New stick
<br />construction $6,528,000 $6,658,560 20,000 190 105 $256.00 NA $333 $35,045
<br />2
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 2%
<br />New stick
<br />construction $6,152,800 $6,275,856 18,000 152 118 $221.00 NA $349 $41,289
<br />3
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 2%
<br />New modular
<br />(not portables)
<br />construction $5,565,252 $5,676,557 20,100 142 142 NA $282 $39,976
<br />4
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 2%
<br />New stick
<br />construction $5,328,608 $5,435,180 14,800 114 130 NA $367 $47,677
<br />5Project Frog ‐Modular
<br />Center ‐ I/T ‐
<br />Preschool 2014 2%
<br />New prefab ‐
<br />Project Frog $6,819,762 $6,956,157 14,000 114 123 NA $497 $61,019
<br />Averages $6,078,884 $6,200,462 17,380 142 124 $238.50 NA $366 $45,001
<br />Note: Does not include building landscaping or design costs; this can typically cost 10% of outdoor space budget.
<br />Inflation Rates are from http://www.bls.gov/data/inflation_calculator.htm
<br />(1) TI costs are included in total project costs per sqft but not available for all projects.
<br />Sources: Kathryn Tama; Brion Economics, Inc.
<br />Table A‐5
<br />Detailed Sample New Construction Child Care Center Project Cost Estimates ‐ Continued
<br />San Mateo Countywide ELF Study ‐ 2016
<br />No. Type Program Year
<br />Additional
<br />Outdoor
<br />Yard Budget
<br />Sqft of
<br />Outdoor
<br />Space
<br />2016 Adj.
<br />Outdoor
<br />Yard Budget
<br />Total Cost of
<br />Sqft of
<br />Outdoor
<br />Space
<br />Total Cost
<br />per Child of
<br />Outdoor
<br />Space
<br />Total
<br />Center &
<br />Outdoors
<br />Costs
<br />Overall,
<br />Total Cost
<br />Per Child
<br />1
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 $475,000 15,800 $484,500 $31 $2,550 $7,143,060 $37,595
<br />2
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 $378,000 15,000 $385,560 $26 $2,537 $6,661,416 $43,825
<br />3
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 $265,000 15,000 $270,300 $18 $1,904 $5,946,857 $41,879
<br />4
<br />New construction ‐
<br />conventional
<br />Center ‐ I/T ‐
<br />Preschool 2014 $196,000 11,500 $199,920 $17 $1,754 $5,635,100 $49,431
<br />5Project Frog ‐Modular
<br />Center ‐ I/T ‐
<br />Preschool 2014 NA
<br />Averages $328,500 14,325 $335,070 $23 $2,186 $6,346,608 $43,183
<br />Note: Does not include building landscaping or design costs; this can typically cost 10% of outdoor space budget.
<br />Inflation Rates are from http://www.bls.gov/data/inflation_calculator.htm
<br />(1) TI costs are included in total project costs per sqft but not available for all projects.
<br />Sources: Kathryn Tama; Brion Economics, Inc.
<br />8.C. - Page 53
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