The Investment Needed
The cost of a new campus to accommodate both schools is estimated at $28.5 million, or an investment of roughly half for each school.
The first step toward realizing this vision is raising $12 million ($6 million from each school), to finance the construction effort. Both schools are working hard to raise these funds by that date.
Through a careful cost analysis, we have developed a conservative estimate that shows Giddens able to carry the remainder of its cost of this project through bank financing. This debt service will be paid through our regular cash flow, part of which no longer will be needed for leasing costs for our current facility.
Based on thorough analysis by each school’s finance committee, Giddens School and Lake Washington Girls Middle School have determined that they are able to carry the cost of this project. LWGMS is also actively working on its own fundraising and financing strategy to secure the remaining funds for its portion of the facility.