Cost Calculations
What will the project cost?
The total project is estimated to cost $90 million.
The new facility would be built on the existing property - CTC owns over 100 acres. No additional funds will be needed to purchase land.
How will it be paid for?
The building would be paid for through a combination of state and local dollars.
CTC has been approved to receive $38.7 million in funding from the state through the Ohio Facilities Construction Commission (OFCC). The funding from OFCC is 40% of the total project cost.
The remaining funds would be raised through a combined bond issue and a tax levy for 1.4 mills. The bond issue for .94 mills is for 37 years. The tax levy for .46 mills is permanent.
Funding Sources
What will the cost be to property owners?
How much will it cost me?
The cost per property owner is based on the Clark County Auditor's appraised value. Appraised value is NOT the same as market value.
CTC By the Numbers
Current Facility Stats
50
The average age of CTC's 7 buildings is 50 years.
39M
The OFCC (state funding agency) has allocated $38.7 million dollars toward the project (nearly 50% of the cost).
150
Nearly 1,000 students turned away du