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Construction and Project Cost
The construction cost of Union Square Campus was approximately $265/sq.ft. (excluding the cost of simulation equipment and other technology). Sources of funding included:
- 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-$22 million |
| TOTAL PROJECT | $35-$37 million |
Get In Touch
Union Square Campus, Inc.
124 East Gate City Blvd.
Greensboro, NC 27406
(336) 375-9232
info@unionsquarecampus.com